FlexTrade Systems, a provider of broker-neutral multi-asset algorithmic trading systems, has partnered with Brazilian stock exchange BM&FBOVESPA to provide direct access to BM&FBOVESPA's new multi-asset trading platform through FlexTrade's execution management system, FlexTRADER.
According to FlexTrade, algorithmic trading is the touchstone of FlexTRADER, a fully customizable EMS with pre-defined trading strategies and tactics for both portfolio and single stock trading.
The platform provides organically developed real-time and post-trade analytics as well as risk and cost optimized portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management (FlexTQM); and a dynamic strategy matrix.
The partnership will also include a new FlexTrade data center co-located at the BM&FBOVESPA to provide traders with a high performance, low latency order routing and execution path for equities and futures listed on the exchange, said FlexTrade Systems.
BM&FBOVESPA COO Cicero Augusto Vieira said BM&FBOVESPA is very pleased with this partnership, which will contribute to the growth of its market.
"This partnership is aligned with our goal to offer advanced technological solutions for our customers," Vieira said.