Will Utilize FlexTRADER EMS & Mottai Broker Trading Solution For SET and TFEX
Singapore, April 2, 2012 — FlexTrade Systems, a global leader in broker-neutral, multi-asset algorithmic trading systems, today announced that Phatra Securities, a leading securities firm in Thailand, has deployed FlexTRADER, the award-winning EMS world renowned for its combined high performance and multi-asset trading capabilities, and Mottai, FlexTrade’s advanced, web-based broker trading solution specifically enhanced for the ASEAN region.
“We were looking for a state-of-the-art solution that could cater to our various and extensive requirements, which include institutional, proprietary, and institutional-to-retail trading for SET and TFEX” said Aphinant Klewpatinond, CEO of Phatra Securities. “FlexTrade fits the bill on all counts.”
To guarantee robustness, compatibility and scalability, both solutions share the same backend with FlexTRADER handling Phatra’s market making and proprietary trading requirements, such as pairs trading and index arbitrage, and Mottai facilitating web-based trading functionality and mobility to the remisier and the retail dealing audience.
According to Bertrand Rassat, principal of FlexTrade Systems Pte Ltd. in Singapore, many investment banks in Thailand want a global solution, not just a retail trading solution or an institutional trading solution. “By providing two state-of-the art GUI applications, we offer our clients the best of both worlds without compromising the integrity of the whole solution,” said Rassat. “This gives our clients more flexibility, more mobility and above all the reassurance that their platform is designed to fit their needs.”
About Phatra Securities
Phatra Securities Public Company Limited is a leading securities company in Thailand with respect to investment banking and the provision of brokerage services to institutional clients, having secured approximately 10.0% market share of institutional clients. The Company is licensed by the Ministry of Finance to carry out five types of securities businesses, namely securities brokerage, securities dealing, underwriting, investment advisory and securities lending and borrowing businesses. The Company has also obtained approval from the SEC to act as a financial advisor and unit trusts sales supporting agent. For more information on Phatra Securities, please visit http://www.phatrasecurities.com/en/index.asp.
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 150 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.