âWith NYSE MatchPoint, our clients will be able to execute portfolio-based and single block trades through a fully viable non-displayed environment that trades all securities listed on the major and regional stock exchanges in the U.S.,â said Vijay Kedia, president and CEO of FlexTrade Systems. âAnd since it is a âneutralâ exchange facility, connectivity to it is an ideal complement to a non-broker EMS such as FlexTRADER.â
The first session match will occur after hours on January 22 at 4:45 p.m. Once fully operational, NYSE MatchPointâs crossing engine will match aggregated orders at predetermined sessions throughout regular hours and after hours of the Exchange. The intraday matching sessions will occur during regular hours at 10 a.m., 11 a.m., noon, 1 p.m., 2 p.m., and 3 p.m.
âFlexTRADER is a vital link to our members and their customers and weâre excited to have the system partner with us,â said James G. Ross, Vice President, NYSE MatchPoint. âThe execution management portfolio capability of FlexTRADER is a great fit with NYSE MatchPointâs trading model.â