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Flextrade Chosen for Third Consecutive Year As “Best Vendor for Algorithmic Trading”

FlexTrade Systems, a global leader in multi-asset algorithmic execution management systems, today announced it has been named, for the third straight year, “Best Vendor for Algorithmic Trading” by the readers of FX Week.

The award was given as part of FX Week's 14th annual Best Banks Awards Dinner, which was held in London on November 18. Results of the awards were based on surveys of several thousand FX market professionals in August and September 2008.

“It’s a great accomplishment and honor to claim this award for the third straight year,” said Vijay Kedia, president and CEO of FlexTrade Systems, Inc. “We have always taken great pride in providing leading edge trading solutions to our clients -- whether it is for speed, innovation, the widest range of liquidity providers, the largest suite of pre-packaged algos, STP or complex event processing. As such, this award means more to us than just accepting a plaque. It is a testament to a long term reputation for excellence that was earned at the finger tips of traders on both the buy- and sell-side.”

Earlier this year, FlexTrade’s FlexFX was honored for the third consecutive year by the editors and judges of FX Week’s e-FX Awards for being the best algorithmic trading solution for foreign exchange in terms of technology and the range of services provided to clients.

FlexFX, a truly neutral solution with unparalleled connectivity options, provides robust and flexible foreign exchange trading capabilities. The system helps to minimize market impact, transaction costs and risk exposure with an array of tools for implementing intelligent trading strategies, including user-defined analytics for real-time quantitative trading and order management. In addition, FlexFX operates as a real-time, risk management tool, and allows traders to create individual trading strategies with fully customizable analytics and visual alarms coupled with integrated quantitative capabilities, smart routing connectivity and real-time data.