FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, today announced that its FlexTRADER EMS smart order router is providing full connectivity to Alpha ATS L.P. (Alpha ATS), Canada’s newest high-performance, low-cost alternative trading system, which went live on November 7.
“It’s a very active and exciting time for equity traders in Canada,” said Vijay Kedia, President and CEO of FlexTrade. “The introduction of Alpha ATS is the next big leap forward for that market and by using the integrated smart order router technology available via FlexTRADER, our clients are now experiencing greater liquidity and lower transaction costs by accessing the entire suite of equity exchanges in Canada. In fact, almost 20 percent of Alpha ATS’s executed trading volume has come from FlexTrade users since the system went live three weeks ago.”
Jos Schmitt, CEO of Alpha ATS noted that “The successful integration of high velocity trading applications and smart order routers, such as FlexTRADER EMS, with our trading technologies is critical to the success of our marketplace. Hence we are very pleased to be able to welcome FlexTrade Systems amongst our first technology partners. It clearly demonstrates FlexTrade’s commitment to the Canadian marketplace and its leadership role in providing new technologies and new opportunities to its clients.”
FlexTRADER is a fully customizable, quantitatively enriched equity trading and execution management system with a global client base, including institutional users on the buy-side and sell-side, hedge funds, and investment managers. It provides organically developed pre-trade, real-time and post-trade analytics as well as risk and cost optimized portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; bunching of orders and complex real-time allocations; listed and OTC smart order routing; a sophisticated Dark Pool Router; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management (FlexTQM); and a dynamic strategy matrix. In addition to Alpha Trading Systems, FlexTRADER connects to NYSE MatchPoint, BIDS Trading, Chi-X Canada, more than 100 broker dealers, as well as all leading ECNs (including Pure Trading) and primary exchanges.
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