FlexTrade unveils new multi-asset MiFID II compliant EMS

FlexNOW execution management system includes OMS integration and in-built TCA functionality for MiFID II purposes.

FlexTrade has launched a new broker-neutral, MiFID II-compliant and multi-asset trading execution management system (EMS) for hedge funds and mini-primes.

FlexNOW was developed to handle equities, futures and options trading, with connectivity to market data providers, the ability to integrate with any order management system (OMS), and a built-in transaction cost analysis (TCA) function.

Rhyd Lewis, FlexNOW product manager, explained the EMS offers zero-touch onboarding and installation, allowing clients use of the system in a matter of minutes.

“By combining the one-click installation process with secure, online connectivity, we have greatly reduced the on-boarding lead time for customers,” he said.

“We developed FlexNOW based on FlexTrade’s industry experience and the feedback of our clients and prospects. It’s this user research that helps us provide fresh updates to the platform to keep the trading workflows as effective as possible.”

FlexNOW is currently available in Europe, the Middle East and Africa, although FlexTrae said it plans to roll out the product in other reigons later this year. It has more than 200 users on boarded, including Albar Capital, PSG Cpaital and Wesleyan Assurance Society.

Lucas Howarth, fund manager at Wesleyan, commented that the firm chose FlexNOW based on FlexTrade’s track record in the trading technology space, the easy installation process and its market data providers.

Similarly Michael Perry, COO of Albar Capital, added FlexTrade’s fast response time means he regularly sees the benefits of feedback incorporated in a same-day platform update.