FlexTrade continues to form alliances to add services to its EMS
FlexTrade Systems has partnered with Markit and will integrate its TCA system into its EMS platform, enabling users to obtain relevant pre-trade data and access TCA-related tools. The announcement comes less than a week after FlexTrade added unbundled, MiFID II compliant institutional research to its FlexTRADER systems via a partnership with RSRCHXchange. 

US-headquartered global financial technology and solutions provider, Markit, listed on the Nasdaq under ticker MRKT, today announced that its Transaction Cost Analysis (TCA) data has been integrated into FlexTrade Systems' Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system (EMS) platform FlexTRADER EMS, according to an official announcement.

As part of the new integration into FlexTrade’s multi-asset portfolio and single stock trading system, Markit’s TCA data will enable FlexTRADER EMS platform users to obtain relevant pre-trade data and TCA-related tools aimed to improved the order-routing experience.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Integrated synergy

In addition, access will be provided to mutual customers of Markit and FlexTrade who can obtain detailed pre-trade data and post-trade analysis reports on the day after trades (T+1 basis) through a portal on Markit’s website.

The news follows just two days after FlexTrade announced that it selected RSRCHX for its institutional research that it made available on its FlexTRADER EMS product as reported by Finance Magnates.

We’ve implemented this in response to significant demand from our customers.

Pre and post trade analysis

Andy Mahoney

Source: LinkedIn

Andy Mahoney, head of Business Development at FlexTrade, said in a statement regarding the deal: “We are delighted to announce our partnership with Markit, offering expanded TCA datasets and comprehensive post-trade analysis."

Mr. Mahoney further explained: “We’ve implemented this in response to significant demand from our customers. This integration with Markit’s TCA data further supports our strategy of offering open-architecture broker-agnostic solutions for the buyside.”

Performance-based order routing

Commenting in a corporate statement, Michael Aldridge, global head of Trading Services at Markit said: “We are excited to streamline the TCA data process for FlexTrade and Markit customers through this new integration.”

Mr. Aldridge added: “Our TCA reports help customers manage performance-based order routing and optimal trade strategy selection by delivering forecasts of estimated market impact, trade risk, peer comparison data and other metrics.”

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Earlier this year, Markit announced plans with IHS to merge, in a transaction that was valued at$13 billion, as detailed by Finance Magnates in a related post at the time.