Trading software provider FlexTrade Systems has launched FlexEdge, a new analytics platform designed to give traders advanced forecasting capabilities for trading US equities.
FlexEdge provides short-term return forecasts across overnight and intraday time horizons, as well as intraday volume forecasts for use in sell-side and buy-side settings. This enables traders to gain a more accurate picture of market dynamics and adjust their strategies more rapidly to take account of any changes.
The offering can be configured to feed into algorithms, so that trading will be adjusted automatically; for manual trading, there is also a set of visual cues to alert the trader to changes that will impact on trading activity. Additionally the solution can integrate forecasts into a client's execution management system, thus giving them a possible edge in managing their trading executions.
FlexEdge's analytics are fuelled by information published via FlexTrade's market data distribution service. “You can get this information in the same way you receive bids and offers and last prints,” Max Palmer, director of algorithmic solutions at FlexTrade Systems told theTRADEnews.com. “If an indicator shows a probability of the stock moving in one direction, that information can then be incorporated into an algorithm that might act sooner rather than later, for example.”
FlexTrade Systems currently has more than 120 buy- and sell-side clients across North America, Europe and Asia.