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FlexTrade
FlexTrade offers a multi-asset execution management system called FlexTRADER EMS , as well as an all-inclusive order and execution management system , FlexONE OEMS . Over the last 12 months , the company says it has continued to make significant strides in building out its FlexTRADER EMS solution . This includes , in part , a new Kepler Cheuvreux analytics API suite , a new partnership with LSEG ’ s FXall , the launch of a new solution- FlexNIMS-to streamline new issue management as well as the creation of a new suite of apps called FlexDATA designed to deliver a complete contextual view of trade implementation . In addition , FlexTrade integrated Tradefeedr ’ s FX pre-trade forecast data into its FlexTRADER EMS , to deliver enhanced datadriven workflows for improved trade decision making . FlexTrade received 36 ratings from its buy-side clients in this year ’ s survey ranking the vendor fifth amongst EMS vendors in terms of number of responses .
FlexTrade recorded an average score of 5.91 this year , which despite being 14 basis points below its 2023 score of 6.04 , is right on par with the overall survey average of 5.91 . The company ’ s highest score in this year ’ s survey was in breadth of broker algorithms
( 6.37 ), followed by FIX capabilities ( 6.33 ). Despite scoring in line with the overall survey average , FlexTrade did outperform the benchmarks in seven of thirteen categories , with the most significant being breadth of broker algorithms (+ 0.33 ), product development (+ 0.16 ) and FIX capabilities (+ 0.15 ). The company ’ s lowest score in terms of this year ’ s survey benchmarks was in the handling of new versions and releases ( -0.37 ), which also records the largest decline compared with scores recorded for FlexTrade in 2023 .
FlexTrade saw year-over-year improvements in three key functional areas in this year ’ s survey : breadth of broker algorithms (+ 0.17 ), FIX capabilities (+ 0.07 ) and breadth of direct connections to venues (+ 0.01 ). Over half ( 58 %) of FlexTrade ’ s buy-side clients responding to this year ’ s survey were from firms managing more than $ 50 billion in assets . In terms of desired additional capabilities , buy-side clients responding to FlexTrade noted a desire for additional asset class functionality , algo wheel automation and more pre-trade analytics , better API access , more AI integration and easier interoperability between OMS and EMS across multiple vendors .
FLEXTRADE RATINGS FOR EMS PERFORMANCE
Reliability and availability |
Latency |
Client service personnel |
Ease-ofuse |
Handling of new versions / releases |
Breadth of broker algorithms |
Timeliness of updates for broker changes |
FIX capabilities |
6.30 6.19 6.11 5.91 5.34 6.37 5.86 6.33
Breadth of asset class coverage |
Breadth of direct connections to venues |
Product development |
Ease of integration to internal systems |
Overall cost of operation |
Average score |
5.62 6.05 5.68 5.54 5.47 5.91
KEY STATS Category Outperformer : X7
6.37
Highest score ( breadth of broker algorithms )
5.34
Lowest score ( handling of new versions / releases )
+ 0.17
Most improved ( breadth of broker algorithms )
-0.48
Least improved ( handling of new versions / releases )
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