FlexTrade Systems, a specialist in multi-asset execution and order management systems, today upgraded its EMS offering with a new product, known as FlexNOW. The broker-neutral trading platform provides a wide range of order characteristics through a data-driven interface that to address the needs of hedge funds and mini-primes.
FlexNOW also encompasses its own built-in Transaction Cost Analysis (TCA) tool in a bid to optimize the ability to customize workspaces and order tickets. Furthermore, it enables full transparency and consistency in the best execution process which has become a requirement under the Markets in Financial Instruments Directive II (MiFID II), the technology provider said.
Additionally, FlexNOW offers access to leading market data providers whilst easily integrates with any order management system (OMS) via FIX and API. With the new solution rollout, buy-side firms will benefit from one-click installation process and secure, over the internet connectivity that provides easy access to brokers and liquidity.
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FlexNOW is currently available through the FlexTRADER product suite and is already implemented by 200 live users. FlexTRADER is a customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes.
The multi-asset execution management system can also be tailored for global access to equities, futures, and options, as well as the ability to build proprietary algorithms.
Commenting on the new product, Rhyd Lewis, FlexNOW Product Manager at FlexTrade UK, said: “By combining the one-click installation process with secure, online connectivity, we have greatly reduced the on-boarding lead time for customers. We developed FlexNOW based on FlexTrade’s industry experience and the feedback of our clients and prospects. It’s this user research that helps us provide fresh updates to the platform to keep the trading workflows as effective as possible.”