17 October 2017

FlexTrader to connect to Nyse MatchPoint

08 January 2008  |  1881 views  |  0 Source: FlexTrade Systems

FlexTrade Systems, a leader in multi-asset algorithmic execution management systems, today announced that its FlexTRADER EMS will be the first algorithmic trading platform to provide direct access to NYSE MatchPoint, the new, portfolio-based, point in time electronic trading facility of the New York Stock Exchange, which will launch on January 22, 2008.

"With NYSE MatchPoint, our clients will be able to execute portfolio-based and single block trades through a fully viable non-displayed environment that trades all securities listed on the major and regional stock exchanges in the U.S.," said Vijay Kedia, president and CEO of FlexTrade Systems. "And since it is a 'neutral' exchange facility, connectivity to it is an ideal complement to a non-broker EMS such as FlexTRADER."

The first session match will occur after hours on January 22 at 4:45 p.m. Once fully operational, NYSE MatchPoint's crossing engine will match aggregated orders at predetermined sessions throughout regular hours and after hours of the Exchange. The intraday matching sessions will occur during regular hours at 10 a.m., 11 a.m., noon, 1 p.m., 2 p.m., and 3 p.m.

"FlexTRADER is a vital link to our members and their customers and we're excited to have the system partner with us," said James G. Ross, Vice President, NYSE MatchPoint. "The execution management portfolio capability of FlexTRADER is a great fit with NYSE MatchPoint's trading model."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14746 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8117 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7374 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6687 views comments | 13 tweets | 7 linkedin
Ex-PayPal boss Thompson backs Canadian fintech Payment RailsEx-PayPal boss Thompson backs Canadian fin...
6057 views comments | 10 tweets | 12 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job