Pine River Capital Management has selected FlexTrade Systems, a provider of multi-asset order and execution management systems, to support its global trading activity.
Pine River will use the FlexTRADER execution management system (EMS) for trading equities, FX, futures, equity options and dispersion trading.
"If you are trading equities, FX, listed options, futures, or any combination thereof, it simply makes sense to consolidate them all together on the same platform," said Vijay Kedia, president and CEO of FlexTrade Systems.
FlexTRADER offers trading capabilities in individual securities or portfolios, and includes customisable cross-asset trading strategies, access to broker algorithms globally and the ability to build proprietary strategies. The EMS also offers pre-trade, real-time and post-trade analytics via the FlexTQM tool, predictive analytics via FlexEdge, and optimised portfolio scheduling with FlexPTS.
The system can also be integrated with major order management systems, real-time allocations and cash management tools and smart order routers, and includes commission management and indications of interest quality management.
"In this business, one has to continue to innovate or die," said Scott Reinhart, head of Pine River Capital Management's Hong Kong office. "Trading strategies that might have been successful five years ago simply might no longer be attractive. FlexTrade's solutions have helped us to expand our existing strategies and quickly launch new ones across multiple asset classes and geographic regions."