The award was given as part of FX Week's 13th annual Best Banks Awards Dinner, which was held in London on November 13. Results of the awards were based on a survey of 4,861 FX market professionals in August and September 2007. Participants were asked to nominate their preferred banks, brokers and vendors in 39 categories ranging from spot, forwards and options, major and emerging markets currency pairs, regional centres, research and strategy, post-trade service, CLS services and technology. Other contenders for the crown in the âBest Vendor for Algorithmic Tradingâ category included Aegis, Orc, Deal Hub and Apama.
Earlier this year, FlexTradeâs FlexFX was honored for the second straight year by the editors and judges of FX Weekâs 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.
âItâs a pleasure and a privilege to receive this honor once again at the Best Banks Awards,â said Vijay Kedia, president and CEO of FlexTrade Systems, Inc. âIn fact, whatâs particularly gratifying about it is that itâs based on a large survey of our peers in the industry, which affirms that weâre on the right track when it comes to providing cutting edge algorithmic trading solutions.â