Integrates FlexTrade’s Trading & Market Making Functionality Into OMS Workflows For Sell-Side Clients
Great Neck, NY, August 14, 2013 — FlexTrade Systems, Inc., a global leader in broker-neutral, multi-asset execution and order management trading systems, today announced a complete integration with OTC Link LLC, a wholly-owned subsidiary of OTC Markets Group Inc. (OTCQX:OTCM), to support trading and market making on OTC Link’s SEC registered Alternative Trading System, OTC Link ATS. The new functionality integrates OTC Link ATS’ capabilities seamlessly into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products.
“We now provide OTC Link’s broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX®, OTCQB® and OTC Pink® securities,” said Vijay Kedia, president and CEO of FlexTrade. “Our objective is to address trading needs that are not widely available in the market place.”
The new functionality is available in both of FlexTrade’s sell-side OMS products, ColorPalette and FlexOMS. To access the product, customers need to be OTC Link ATS subscribers as the system uses OTC Link’s OTC Dealer® IDs for trading access.
“FlexTrade is excited about the opportunity to work with OTC Link ATS’ subscriber market making firms around a new offering,” said Greg Ludvik, director, ColorPalette OMS. “We believe there is a market need for new alternatives to existing third-party solutions.”
FlexTrade offers state-of -the-art, multi-asset order management solutions for sell side institutions trading domestic as well as multi-national equities, FX, options and futures. Designed for high throughput and automation, these products allow broker-dealers to manage firm-wide risk, and optimize institutional and retail order flow with significant performance and cost improvements. They also support all capacities, customer order crossing and risk management, and can be deployed locally or as fully hosted solutions in an out-of-the-box version or customized to the client’s specific requirements.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com. OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
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.