FlexAdvantage Blog

6
Jul

Riding the Wave: Speed, Algos and Consolidation

By Ivy Schmerken, Editorial Director A wave of consolidation has hit high-speed trading firms and brokers in the past few months, and many are blaming low volatility and weak trading volumes in the face of rising compliance and market data costs. Starting with electronic market-maker Virtu’s acquisition of rival KCG in April, Two Sigma Securities buying …

25
Apr

Order Protection Rule Tug-of-War

by Ivy Schmerken, Editorial Director There is still uncertainty around the fate of the Order Protection Rule, a key rule governing U.S. stock trading that has led to more complexity, speed and order types, but also protects retail investors from receiving inferior prices on their orders. Also known as the trade-through rule, Rule 611 has …

12
Apr

TCA Trends: Venue Analysis Tops Buy-Side Priorities

It’s no secret that institutional traders are utilizing transaction cost analysis (TCA) for equities trading as a tool for measuring execution quality and reducing slippage against trading benchmarks. But now that TCA has matured in equities, the question is where is TCA moving next?

7
Mar

TCA: Bridging the Gap Between Equities and FX

Transaction cost analysis has been the Holy Grail of best execution in equities trading, but the evolution of TCA in foreign exchange trading must consider the OTC nature of currency markets.

8
Jan

FlexTrade Shortlisted in Eight Categories of Wall Street Letter Institutional Trading Awards 2016

FlexTrade is proud to announce its has been shortlisted in eight categories of this year’s Wall Street Letter Institutional Trading Awards.

5
Jan

Markets Media: FX Execution Costs Drive Tech Upgrades

  For institutional asset managers, measuring foreign exchange trading costs has become imperative as the global FX market moves electronic. The emergence of FX transaction costs analysis (TCA) is directly attributable to the spread of algorithmic trading from equities to other asset classes, with FX being the prime class next in line. However, there are hurdles to overcome in …

25
Nov

FlexTrade: Best Buy-Side Algorithmic / DMA Product

Waters Technology Awards Trying to pinpoint the best algorithmic or direct market access (DMA) provider to the buy side is a lot like picking among multiple choice answers on a law school entrance exam: Almost all of them seem right, depending on your line of argument, but only one can be best among them. Indeed, …

7
Oct

Themis Trading: Improving VWAP Performance

This morning’s note is intended to give a cursory refresher course on how VWAP works, talk about how typically our industry has gone about trying to improve VWAP performance, and finally to tell you how we think the industry should go about trying to improve VWAP performance. History Volume Weighted Average Price (VWAP) institutional trading …

20
May

Thomson Reuters: Expands Buy-Side Equity Trading Capabilities in Thomson Reuters Eikon

Buy-side customers to gain aggregate view of broker liquidity and improved trade execution capabilities through integration of Autex Indications of Interest data and FlexTrade Execution Management System in Thomson Reuters flagship financial markets desktop NEW YORK, LONDON, May 20, 2014 – Thomson Reuters today announced that it has enhanced equities and futures trading capabilities in …