FlexTRADER EMS streamlines buy-side workflows with IHS Markit pre-trade TCA data

IHS Markit pre-trade analytics are now embedded directly within FlexTRADER EMS order blotter to enhance trading decisions at the point of trade.

FlexTrade Systems has integrated the pre-trade transaction cost analysis (TCA) data from IHS Markit into its FlexTRADER execution management system (EMS) to streamline buy-side workflows.

Through the API integration, the data sets are now available to traders directly through their EMS order blotter to improve trading decisions and reduce the number of applications and systems necessary to execute.

Buy-side traders can also use the analytics for automation criteria to offer them a simplified low-touch workflow.

FlexTrade said the integration was in response to growing demands from buy-side firms for more data and application interoperability to create a more seamless front-office technology ecosystem.

“Our latest integration to IHS Markit’s pre-trade Transaction Cost Analysis solution further illustrates this commitment and ensures seamless interoperability between the technology providers our clients’ need,” said Andy Mahoney, managing director for Europe, the Middle East and Africa at FlexTrade.

“Providing IHS Markit’s valuable pre-trade data directly into the FlexTRADER EMS and aggregating it into a single view saves time, increases efficiency and improves trading decision making.”

The news follows several other improvements made to its EMS by FlexTrade in the last few months including a partnership with bookbuilding platform provider Appital earlier this month.

The partnership will see FlexTrade integrate Appital’s solution into its EMS to allow the asset management community to execute large orders more efficiently and transparently.

“The IHS Markit pre-trade analysis tool can be used for both single stock and programme trading. It is designed to provide firms with pre-trade cost estimates, measurements of trading risk and cost/risk trade-offs relative to various trading strategies, including pre-trade analysis of portfolio, electronic and single stock orders,” said Michael Richter, global head of trading analytics at IHS Markit.