algorithmic trading options. DEx is BNY Brokerage's direct execution
This new offering brings a full array of algorithmic trading capabilities to
DEx and can be easily deployed on clients' desktops without any hardware
installation. Trading algorithms include off-the-shelf pairs, risk-arb,
long/short, VWAP, PWAP, benchmark and minimum market impact strategies.
FlexTRADER linked to DEx provides BNY Brokerage's buy-side clients with
increased speed, quantitative capabilities and integrated end-to-end
functionality, including pre-trade cost estimation, smart order routing,
real time risk management, execution algorithms, quantitative trading
strategies, real time access to full depth of book, and transaction quality
management. FlexTRADER is a broker-neutral algorithmic trading platform
developed by FlexTrade Systems Inc.
Carey S. Pack, president of BNY Brokerage, said, "FlexTRADER linked to DEx
is a key development in our relationship with FlexTrade and complements our
DEx suite of direct market access capabilities, providing our clients with
the most advanced algorithmic trading tools available without requiring a
major IT investment on their part. We are committed to enabling our
customers to take control of as much of their trading as they wish, even as
we continue to provide expert broker assistance whenever it is needed."
Vijay Kedia, president of FlexTrade Systems Inc. said, "FlexTRADER will
deliver our leading algorithmic platform to BNY Brokerage clients with the
same robust functionality and speed relied upon by hundreds of institutional