Broker-neutral multi-asset algorithmic trading systems provider FlexTrade has been certified by India's National Stock Exchange.
The New York-based firm's Asian subsidiary, FlexTrade Systems Pte, has now been registered as a Foreign Independent Software Vendor (FISV) in the capital markets segment and futures and options segment of the National Stock Exchange of India.
“This registration is another step in our expansion into Asia and provides our clients with a live feed to the National Stock Exchange of India for trading equities, options and futures,” said Manish Kedia, managing director of FlexTrade Systems in Singapore.
Trading solutions covered by the registration include: FlexTRADER – a customisable execution management system with pre-defined trading strategies and tactics for both portfolio and single stock trading, FlexOPT – an options trading system for buy-and sell-side institutions engaged in agency, facilitation and/or proprietary trading; FlexOPT-RM – a real-time risk and stress analysis platform; FlexOPT-OMM – a flexible order-driven market making platform for advanced options traders; and FlexFutures – a futures trading system built to seamlessly integrate with
black boxes and other proprietary or third-party systems.
“The FISV registration also complements our new Mumbai office, which was opened earlier this year to service clients in the Asia region,” said Kedia.