FlexTrade adds visualisation tool to multi-asset EMS
Multi-asset EMS provider, FlexTrade Systems has revealed “TradeGuide”, a new way of visualising and presenting trade data. The new tools provide data on trades in pre-trade and during execution drawn from multiple sources presented with interpreted conclusions in an easy to digest format. In-flight alerts, such as when a footprint is too large or when a lit execution is received when using a dark-only strategy, are presented in an actionable format enabling traders to pull or adjust orders quickly. 

FlexTrade Systems, a global provider of Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this TermExecution 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) technology, today introduced 'TradeGuide', a new way of visualising and presenting trade data in the company’s FlexTRADER multi-asset execution management system (EMS).

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Pre-Defined Web Components

TradeGuide is a series of pre-defined web components sitting directly in the FlexTRADER multi-asset EMS offering pre-trade and in-flight feedback on orders. TradeGuide draws in data from multiple sources which is interpreted with conclusions presented in an easy to digest format.

TradeGuide thus introduces a completely new way of visualising trade data rather than relying on the traditional row and column table format.

The initial release of TradeGuide offers both pre-trade and in-flight guides. Each individual guide is designed to answer a particular question. For example:

”What’s the best way to route this order?” analyses historical trade data and suggests trading strategies.

“How big is my footprint?” will result in one of the in-flight guides monitoring and analysing a variety of FIX tags and market information in real time, and alerting when the footprint is too large or an unusual event occurs, such as receiving a lit execution when using a dark-only strategy.

In-flight Alerts

In-flight alerts are presented in an actionable format, ensuring a trader can quickly adjust trading style and aggressiveness, or even pull the order. These alerts can even be linked to FlexTRADER’s rules engine, enabling automated responses to specific events, such as sending a message out to a broker when a trade is executed outside the spread.

Andy Mahoney, business development director of FlexTrade UK Ltd., in London, said: “This represents a complete re-assessment of the way trade data is presented. We threw away the rule book; we abandoned outdated tabular data presentation in favour of actually answering the questions our clients ask while managing trades.”

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Finance Magnates last reported on Flextrade Systems in June after the company announced that its Transaction Cost Analysis (TCA) data had been integrated into its execution management system (EMS) platform, FlexTRADER EMS, enabling users to obtain relevant pre-trade data and TCA-related tools aimed at improving the order-routing experience.

Future releases of TradeGuide will introduce more asset-class specific alerts, an overall view of blotter health, and the ability to draw in data from third parties using FlexTRADER’s renowned open architecture.