FlexSmart Order Router

Global Smart Order Routing (SOR)

FlexTrade’s comprehensive, fully customizable FlexSmart smart order routing serves buy-side trading institutions around the globe. Using FlexTrade’s high-performance, multi-asset trading system technology, FlexSmart provides ultra-low latency and high throughput with a full range of routing functionality, and regulatory compliance and reporting.

Access All Markets Globally and in Parallel

Trade Equities, FX and Options Across the Americas, Europe, the Mid-East and Asia

Wide Range of Posting Options

Simultaneous and Sequential Routing with Tactics for   Non-Displayed Liquidity and Posting

Easy-to-Use Interface

Monitors the Status of All Market Destinations

Key Features & Benefits

Trading on Your Terms

FlexSmart, Smart Order Routing (SOR), allows traders to customize and control their trading across asset classes (including equities, options and foreign exchange) and regions (Americas, Europe and Asia).

Custom Tactics

FlexSmart offers a variety of smart order routing (SOR) strategies for aggressively accessing order flow, including simultaneous and sequential routing, with unique tactics for non-displayed liquidity and posting. Additional custom tactics can be developed with FlexTrade’s in-house technology and development experts.

Monitoring Interface

FlexSmart comes with an easy-to-use interface for monitoring the status of all market destinations. When used in conjunction the GUI, the router can determine when to declare a destination as unreachable, leading to a self-help action against that destination.

Broker Performance

  •  Evaluate broker performance and broker algorithm performance. Create algorithmic “Sharpe” ratios to determine risk-performance trade-offs.
  • Evaluate your broker’s indications of interest (IOIs).
  • Analyze broker’s performance on capital commitment trades.
  • Evaluate the transactions across any time duration by more than 30 factors.

Reg NMS Compliance

FlexSmart provides a complete set of Reg NMS compliant functionality. This includes full support for Intermarket Sweep Orders and the accompanying reports of protected insides and routed orders.

Core Technology

FlexTrade provides a mature, high-performance strategy server, which abstracts many of the core implementation issues so that customers can begin focusing on trading decisions early in the design process. The framework is capable of supporting a wide range of algorithmic requirements for a smart order routing and runs using C++ on Linux for the highest possible performance.

World-Class Infrastructure

FlexTrade operates as close to the markets as possible, with a high performance server environment, scalable network, and low-latency connectivity.  FlexTrade has a presence in top-tier data centers around the world, with an extensive regional and global telecom backbone.

Full Integration with FlexTrade’s Solutions

FlexSmart is fully integrated into FlexTrade’s EMS and OMS trading solutions covering equities, foreign exchange and options.