16 January 2018
visit www.avoka.com

PhillipCapital Group deploys FlexTrade MaxxTrader FX-trading system

16 June 2014  |  1429 views  |  0 Source: FlexTrade Systems

FlexTrade Systems, Inc., a global leader in multi-asset execution and order management systems, today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies and precious metals.

"FlexTrade's multi-bank streaming capabilities add value to our business in Non Deliverable Forwards (NDF), spot currencies and precious metals," said Joseph Ng, Business Development Director, FOREX/Bullion at Phillip Futures. "Since we are enjoying an interest in demand from clients to trade NDFs, this capability not only provides them with easy execution of trades, but also gives them more competitive prices when they trade with us."

According to Manish Kedia, Managing Director of FlexTrade Systems Pte. Ltd. in Singapore, it was MaxxTrader's flexibility that Phillip Futures found appealing. "Handling spot currencies, NDFs and precious metals was a primary facet in their decision, but it wasn't the only one," said Kedia. "MaxxTrader also allows them to use two separate aggregators - one in London, the other in Tokyo - to service all the locations of their global business."

MaxxTrader is a complete turnkey, ASP front-end solution allowing orders to trade directly from client to client, directly with the trading desk, or back-to-back with all liquidity providers. Designed to allow institutions to privately aggregate and issue price information to the markets and clientele, the platform offers real-time prime broker reporting, an integrated OMS to better manage orders, and aggregated liquidity from more than 50 banks, ECNS and exchanges. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
10818 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9591 views comments | 14 tweets | 31 linkedin
Transferwise ships borderless debit cardTransferwise ships borderless debit card
9239 views comments | 13 tweets | 22 linkedin
Ripple surge makes waves in stock marketRipple surge makes waves in stock market
8965 views comments | 12 tweets | 9 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
8424 views comments | 17 tweets | 18 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job