Accounts for Nearly 20% of Executed Volume

GREAT NECK, N.Y. (Business Wire EON/PRWEB ) December 1, 2008 -- FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, today announced that its FlexTRADER EMS smart order router is providing full connectivity to Alpha ATS L.P. (Alpha ATS), Canada’s newest high-performance, low-cost alternative trading system, which went live on November 7.

It's a very active and exciting time for equity traders in Canada

“It’s a very active and exciting time for equity traders in Canada,” said Vijay Kedia, President and CEO of FlexTrade. “The introduction of Alpha ATS is the next big leap forward for that market and by using the integrated smart order router technology available via FlexTRADER, our clients are now experiencing greater liquidity and lower transaction costs by accessing the entire suite of equity exchanges in Canada. In fact, almost 20 percent of Alpha ATS’s executed trading volume has come from FlexTrade users since the system went live three weeks ago.”

Jos Schmitt, CEO of Alpha ATS noted that “The successful integration of high velocity trading applications and smart order routers, such as FlexTRADER EMS, with our trading technologies is critical to the success of our marketplace. Hence we are very pleased to be able to welcome FlexTrade Systems amongst our first technology partners. It clearly demonstrates FlexTrade’s commitment to the Canadian marketplace and its leadership role in providing new technologies and new opportunities to its clients.”

FlexTRADER is a fully customizable, quantitatively enriched equity trading and execution management system with a global client base, including institutional users on the buy-side and sell-side, hedge funds, and investment managers. It provides organically developed pre-trade, real-time and post-trade analytics as well as risk and cost optimized portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; bunching of orders and complex real-time allocations; listed and OTC smart order routing; a sophisticated Dark Pool Router; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management (FlexTQM); and a dynamic strategy matrix. In addition to Alpha Trading Systems, FlexTRADER connects to NYSE MatchPoint, BIDS Trading, Chi-X Canada, more than 100 broker dealers, as well as all leading ECNs (including Pure Trading) and primary exchanges.

About Alpha Trading Systems

Alpha Group was established in May, 2007 by nine of Canada’s leading financial institutions with the aim of increasing the country’s equity trading efficiencies and making the Canadian marketplace more globally competitive. Its ownership group consists of BMO Capital Markets, Canaccord Capital Corporation, CIBCWorld Markets, CPP Investment Board, Desjardins Securities Inc., National Bank Financial, RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. For further information regarding Alpha Group, visit www.alphatradingsystems.ca.

About FlexTrade Systems, Inc.

Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms and execution systems for equities, foreign exchange and listed derivatives. FlexTRADER, our flagship platform for algorithmic trading, is widely viewed as unique in the industry for its high performance and multi-asset capability. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. Clients include Bank of America, Bank of New York, Barclays Global Investors, Jefferies & Company, Inc., Sanford C. Bernstein & Co., LLC, UBS Global Asset Management and Wachovia. For more information, visit FlexTrade Systems at www.flextrade.com.

Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/Q291cC1IYWxmLVpldGEtU3VtbS1Mb3ZlLVNpbmctWmVybw==

smart order routing flextrade alpha trading algorithmic trading

Bookmark -  Del.icio.us | Furl It | Technorati | Ask | MyWeb | Propeller | Live Bookmarks | Newsvine | TailRank | Reddit | Slashdot | Digg | Stumbleupon | Google Bookmarks | Sphere | Blink It | Spurl