FlexTrade Systems, a supplier of multi-asset execution management systems (EMS), has launched a new cross-currency spread programme for trading equities in the US, Europe and Asia.
The tool, FlexSpread, is available as a stand-alone application or via the company’s FlexTRADER EMS and allows traders to choose the currency used to balance a spread.
It allows currency hedging and has a number of options to handle currency exposure, such as the ability to make adjustments on an equity fill-by-fill basis, when a fixed move occurs in the currency or when exposure reaches a specified level. The tool also enables management of cross-currency risk arbitrage deals.
In addition, FlexSpread allows buy-side traders to execute pairs strategies, cross-currency equity pairs trades and risk arbitrage to trade in response to a takeover deal.