19 October 2017

FlexTrade rolls out FlexAlgoWheel

15 May 2017  |  1970 views  |  0 Source: FlexTrade

FlexTrade, a global leader in multi-asset execution and order management systems, today announced the rollout of FlexAlgoWheel, the next generation, data-driven interface to algo selection that incorporates real-time internal and external inputs as well as TCA to optimize the broker and algo selection process.

According to Vijay Kedia, President and CEO of FlexTrade, an important, yet repetitive role of any trader is to select the right broker and algorithm based on a multitude of factors, such as order characteristics, portfolio manager instructions, market volatility and relative contribution to risk in the portfolio.

FlexAlgoWheel enables buy-side firms to configure a systematic and quantifiable decision matrix through an intuitive point-and-click interface that dynamically selects the optimal broker and algorithm. Furthermore, it enables full transparency and consistency in the best execution process -- a requirement of MiFID II compliance.

“Firm-wide, data-driven, unbiased consistency in the algorithm selection criteria will become the norm,” said Kedia.
FlexAlgoWheel is currently being implemented by multiple buy-side firms that utilize more than 200 brokers, and have a large number of portfolio managers and strategies.

Available through the company’s award-winning FlexTRADER® multi-asset execution management system (EMS),

FlexAlgoWheel covers:

  • Access to all brokers and algorithms.
  • Portfolio manager instructions and benchmarks.
  • A wide range of order characteristics.
  • Real-time market conditions and volatility.
  • Real-time and historical TCA.
  • Internally generated or external signals, such as volume, momentum or alpha predictions.
  • Real-time cash management.
  • Relative contribution of order to portfolio risk.
  • A feedback mechanism via TCA to optimize the broker and algorithm selection process. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15543 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8732 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8382 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7824 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6980 views comments | 9 tweets | 17 linkedin

Featured job

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

Find your next job