Great Neck, NY - 29 March 2007

FlexTrade Systems, a leader in multi-asset algorithmic execution management systems, today announced that its clients now have direct access to FXMarketSpace, the world’s first centrally-cleared FX platform for the over-the-counter market.

“The recent introduction of FXMarketSpace to the market is a landmark event in the evolution of FX trading,” said Vijay Kedia, president and CEO of FlexTrade Systems. “Our connectivity to it was never a question of ‘why,’ but of ‘how’ quickly we could establish the relationship. Its trading anonymity and price transparency presents the ideal environment for clients interested in executing trades in the OTC market.”

FlexTrade clients will be able to realize the connection via FlexFX, the company’s comprehensive, fully customizable foreign exchange trading solution that enables users to minimize market impact, transaction costs and risk exposure.

“FXMarketSpace aims to meet the needs of a diversified trading community by providing access through a variety of different methods,” said Mark Robson, CEO of FXMarketSpace. “By connecting to a robust and flexible software solution from a global leader like FlexTrade, we are able to broaden and deepen market participation. We appreciate FlexTrade’s support with our new venture and look forward to a prosperous working relationship.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development