FlexTrade Launches FlexAlgoWheel
FlexTrade (@FlexTrade ), a global leader in multi-asset execution and order management systems, today announced the rollout of FlexAlgoWheel , the next generation, data-driven interface to algo selection that incorporates real-time internal and external inputs as well as TCA to optimize the broker and algo selection process.
According to Vijay Kedia, President and CEO of FlexTrade, an important, yet repetitive role of any trader is to select the right broker and algorithm based on a multitude of factors, such as order characteristics, portfolio manager instructions, market volatility and relative contribution to risk in the portfolio.
FlexAlgoWheel enables buy-side firms to configure a systematic and quantifiable decision matrix through an intuitive point-and-click interface that dynamically selects the optimal broker and algorithm. Furthermore, it enables full transparency and consistency in the best execution process -- a requirement of MiFID II compliance .
“Firm-wide, data-driven, unbiased consistency in the algorithm selection criteria will become the norm,” said Kedia.
FlexAlgoWheel is currently being implemented by multiple buy-side firms that utilize more than 200 brokers, and have a large number of portfolio managers and strategies.
Available through the company’s award-winning FlexTRADER® multi-asset execution management system (EMS), FlexAlgoWheel covers:
- Access to all brokers and algorithms.
- Portfolio manager instructions and benchmarks.
- A wide range of order characteristics.
- Real-time market conditions and volatility.
- Real-time and historical TCA .
- Internally generated or external signals, such as volume, momentum or alpha predictions.
- Real-time cash management.
- Relative contribution of order to portfolio risk.
- A feedback mechanism via TCA to optimize the broker and algorithm selection process.
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems, Inc. is the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 200 buy-side and sell-side firms, including many of the largest hedge funds, asset managers, commodity trading advisors, investment banks and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com .
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
VA-CTA17.10.2017 18:21 | pressemeddelelse
CES Unveiled Amsterdam to Feature IoT, Smart Cities and Robotics
CA-DROPBOX17.10.2017 18:02 | pressemeddelelse
Dropbox giver enkeltpersoner kraftfulde erhvervsværktøjer med Dropbox Professional
ZTE-CORPORATION17.10.2017 16:42 | pressemeddelelse
The New Foldable Smartphone ZTE Axon M with Dual Screens Transforms the Mobile Experience for Consumers
EUNETWORKS17.10.2017 16:02 | pressemeddelelse
euNetworks Partners with Cloudwirx
MUREX17.10.2017 16:02 | pressemeddelelse
Murex to Offer Cloud-Based Trading and Risk Management Solutions
ASSECO-SEE17.10.2017 16:01 | pressemeddelelse
Asseco SEE’s Enterprise Fraud Monitoring & Prevention Solution InACT® is in GarantiBank NV
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum