FlexTrade Unveils MiFID II-Compliant EMS FlexNOW
- FlexNOW also encompasses its own built-in Transaction Cost Analysis (TCA) tool.
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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term 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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.
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.”
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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term 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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.
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.”