FlexTrade Systems, Inc., a global leader in broker-neutral, multi-asset execution and order management trading systems, today announced a complete integration with OTC Link LLC, a wholly-owned subsidiary of OTC Markets Group Inc. (OTCQX:OTCM), to support trading and market making on OTC Link's SEC registered Alternative Trading System, OTC Link ATS.
The new functionality integrates OTC Link ATS' capabilities seamlessly into existing broker-dealer workflows for clients using FlexTrade's sell-side OMS products.
"We now provide OTC Link's broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX®, OTCQB® and OTC Pink® securities," said Vijay Kedia, president and CEO of FlexTrade. "Our objective is to address trading needs that are not widely available in the market place."
The new functionality is available in both of FlexTrade's sell-side OMS products, ColorPalette and FlexOMS. To access the product, customers need to be OTC Link ATS subscribers as the system uses OTC Link's OTC Dealer® IDs for trading access.
"FlexTrade is excited about the opportunity to work with OTC Link ATS' subscriber market making firms around a new offering," said Greg Ludvik, director, ColorPalette OMS. "We believe there is a market need for new alternatives to existing third-party solutions."