SELL SIDE

Goldman Sachs partners with FlexTrade for large block trade

FlexTrade has added an indication of interest functionality to its EMS for executing trades.

By Hayley McDowell hayley.mcdowell@strategic-i.com October 05, 2017 10:08 AM GMT

FlexTrade has executed a large block trade from an indication of interest (IOI) sent by Goldman Sachs within the FlexTRADER EMS.

The IOI feature on the EMS is a new function allowing users to trade on actionable IOI’s from the blotter.

Traders are alerted to IOIs in real-time for orders the yare working on, meaning they have a full view of all liquidity avenues and can meet best execution requirements under MiFID II.

Andy Mahoney, head of sales at FlexTrade, explained as MiFID II approaches, clients are focused on taking sufficient steps to achieve best execution. 

“By integrating true, actionable IOI’s directly into the trading blotter, our clients can easily interact with liquidity in a single click,” he said.

Ralston Roberts, co-head of Goldman Sachs equity electronic trading in EMEA, added the actionable IOIs means clients can trade in a systematic way through the EMS.

“Our partnership with FlexTrade allows us to better serve our clients by providing more directed and unique liquidity to their desktops,” Roberts commented.