Technology giant FlexTrade Systems, a global leader in broker-neutral, multi-asset algorithmic trading systems, today announced that Phatra Securities, a leading securities firm in Thailand, has deployed FlexTRADER, the award-winning EMS world-renowned for its combined high performance and multi-asset trading capabilities, and Mottai, FlexTrade’s advanced, web-based broker trading solution specifically enhanced for the ASEAN region.
“We were looking for a state-of-the-art solution that could cater to our various and extensive requirements, which include institutional, proprietary, and institutional-to-retail trading for SET and TFEX” said Aphinant Klewpatinond, CEO of Phatra Securities. “FlexTrade fits the bill on all counts.”
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To guarantee robustness, compatibility and scalability, both solutions share the same backend with FlexTRADER handling Phatra’s market making and proprietary trading requirements, such as pairs trading and index arbitrage, and Mottai facilitating web-based trading functionality and mobility to the remisier and the retail dealing audience.
According to Bertrand Rassat, principal of FlexTrade Systems Pte Ltd. in Singapore, many investment banks in Thailand want a global solution, not just a retail trading solution or an institutional trading solution. “By providing two state-of-the art GUI applications, we offer our clients the best of both worlds without compromising the integrity of the whole solution,” said Rassat. “This gives our clients more flexibility, more mobility and above all the reassurance that their platform is designed to fit their needs.”
Flextrade has been offering solutions to a global client base, the technology provider was approved as an independent software vendor (ISV) for Dubai’s DGCX a time-consuming and costly process.