FlexTrade Systems, a provider of algorithmic trading technology, has gained two new clients in Asia – one in Thailand and the other in Malaysia.
Thai firm Phatra Securities has adopted execution management system FlexTRADER and Mottai, FlexTrade’s web-based broker trading solution designed for the Association of Southeast Asian Nations (ASEAN) region.
Malaysia-based AmInvestment Bank has chosen Mottai to replace Winscore, its current front-end solution which is being phased out by Bursa Malaysia.
Both FlexTRADER and Mottai use the same back end. FlexTRADER will handle Phatra’s market making and proprietary trading requirements, such as pairs trading and index arbitrage, while Mottai will provide web-based trading to the retail dealing audience. Mottai is a multi-exchange, multi-currency and multi-asset class product.
“FlexTrade’s success has been based on ensuring that our trading solutions meet the specific requirements of our partners,” said Bertrand Rassat, principal of FlexTrade Systems in Singapore. “All our solutions are fully customisable, allowing us to cater to various functional and regulatory requirements, thus giving our clients an edge in today’s very competitive environment.”