Pine River Capital Management Selects FlexTrade For Global Multi-Asset Trading Solution
February 19, 2013 | By: Flex Advantage
Deploys FlexTRADER EMS to Handle Equities, FX, Options & Futures
GREAT NECK, NY, February 19, 2013 – FlexTrade Systems, Inc., an international leader in multi-asset execution and order management systems, today announced Pine River Capital Management has globally deployed its FlexTRADER EMS to facilitate trading for equities, FX and listed derivatives.
“In this business, one has to continue to innovate or die,” said Scott Reinhart, Head of Pine River Capital Management’s Hong Kong office. “Trading strategies that might have been successful five years ago simply might no longer be attractive. FlexTrade’s solutions have helped us to expand our existing strategies and quickly launch new ones across multiple asset classes and geographic regions.”
As part of the deployment, Pine River is live with FlexTRADER for equities, FX, equity options trading and dispersion trading, and futures trading.
“As trading technology evolves and the global markets mature electronically across all asset classes, it’s only natural that multi-asset trading would become crucial to firms such as Pine River,” said Vijay Kedia, president and CEO of FlexTrade Systems. “If you are trading equities, FX, listed options, futures, or any combination thereof, it simply makes sense to consolidate them all together on the same platform.”
FlexTRADER is a multi-asset execution management system for trading individual securities or portfolios in equities, FX, equity options, futures as well as fixed income. It provides out-of-the-box cross asset trading strategies which can be customized, global access to broker algorithms, as well as the ability to build proprietary algorithms. The platform also provides organically developed pre-trade, real-time and post-trade analytics (FlexTQM), predictive analytics (FlexEdge); 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, and a dynamic strategy matrix. In addition to equities, FlexTRADER facilitates foreign exchange trading via the award winning FlexFX, while equity options and futures trading are administered by FlexOPT, Derivix and FlexFutures, respectively. For fixed income trading, the system is certified to trade US treasuries as a member of the BGC Partners Preferred Vendor Program.
About Pine River Capital Management
Pine River is a global asset management firm providing solutions across three actively managed platforms: Hedge Funds, Locked-up and Hedge Fund Separate Accounts, and Listed Investment Vehicles. Founded in 2002, Pine River currently manages approximately $12.3 billion. The firm is headquartered in Minnesota with offices in New York, London, San Francisco, Beijing, Shenzhen and Hong Kong. For further information, visit www.prcm.com.
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.wpengine.com or follow news of the company on Twitter at www.twitter.com/flextrade or LinkedIn at http://www.linkedin.com/company/flextrade?trk=top_nav_home.