DST International (DSTi), the leader in business solutions for the investment managementfinancial services industry and Flextrade Systems Inc. a leader in multi-asset algorithmic execution management systems, announce today a signed joint development and distribution agreement.
This agreement allows DST International (DSTi) and FlexTrade to offer an integrated portfolio modelling, order initiation and algorithmic execution management platform to buy-side institutions. This solution has already been implemented at one of the top ten global investment banks and is the first such broker neutral, integrated solution available for institutional investment managers on the market today.
DSTi and FlexTrade's joint development also integrates FlexTrade's transaction quality management tools. This provides Investment Management organizations full visibility into their trade execution process to better examine the quality of the transaction. It will also provide the ability to monitor the effectiveness of the applied trading algorithms.
Marcus Ansell, President of DSTi North America, said "This is a new initiative for DSTi which will take us to the leading edge of the trading solutions market by combining the technology of FlexTrade, which is used by major buy-side institutions, sell-side Brokers, and the highly demanding hedge fund market, with the proven institutional modelling and order management capabilities of the buy-side that DSTi has had for many years. This new DSTi Execution Management Solution is a seamless integration of DSTi's buyside technology and FlexTrade's algorithmic platform, that offers customers the best of both sell-side and buy-side transparent trading technology with a single turnkey solution."
FlexTrade President and CEO Vijay Kedia, said, "FlexTrade is very enthusiastic about working with DSTi in the institutional asset management marketplace worldwide. We have seen the demand from asset managers for a broker-neutral solution that seamlessly integrates an Order Management System with an Execution Management System. We believe the marketplace will welcome an integrated solution which combines the DSTi position management and industrial data warehousing technology with the real time algorithmic trading and trade optimization capabilities of FlexTrade suite of products."