FlexTrade Systems, a global provider of multi-asset execution management system (EMS) technology, today introduced ‘TradeGuide’, a new way of visualising and presenting trade data in the company’s FlexTRADER multi-asset execution management system (EMS).
Pre-Defined Web Components
TradeGuide is a series of pre-defined web components sitting directly in the FlexTRADER multi-asset EMS offering pre-trade and in-flight feedback on orders. TradeGuide draws in data from multiple sources which is interpreted with conclusions presented in an easy to digest format.
TradeGuide thus introduces a completely new way of visualising trade data rather than relying on the traditional row and column table format.
The initial release of TradeGuide offers both pre-trade and in-flight guides. Each individual guide is designed to answer a particular question. For example:
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”What’s the best way to route this order?” analyses historical trade data and suggests trading strategies.
“How big is my footprint?” will result in one of the in-flight guides monitoring and analysing a variety of FIX tags and market information in real time, and alerting when the footprint is too large or an unusual event occurs, such as receiving a lit execution when using a dark-only strategy.
In-flight alerts are presented in an actionable format, ensuring a trader can quickly adjust trading style and aggressiveness, or even pull the order. These alerts can even be linked to FlexTRADER’s rules engine, enabling automated responses to specific events, such as sending a message out to a broker when a trade is executed outside the spread.
Andy Mahoney, business development director of FlexTrade UK Ltd., in London, said: “This represents a complete re-assessment of the way trade data is presented. We threw away the rule book; we abandoned outdated tabular data presentation in favour of actually answering the questions our clients ask while managing trades.”
Finance Magnates last reported on Flextrade Systems in June after the company announced that its Transaction Cost Analysis (TCA) data had been integrated into its execution management system (EMS) platform, FlexTRADER EMS, enabling users to obtain relevant pre-trade data and TCA-related tools aimed at improving the order-routing experience.
Future releases of TradeGuide will introduce more asset-class specific alerts, an overall view of blotter health, and the ability to draw in data from third parties using FlexTRADER’s renowned open architecture.