FX Week Chooses FlexTrade Systems as Best Trading Technology Vendor for 2016. FlexTrade’s David Ullrich and Peter Bondesen comment.
Markit today announced that it has integrated its transaction cost analysis (TCA) data into FlexTrade’s FlexTRADER EMS platform, a multi-asset portfolio and single security trading system.
Sell-side brokers, asset managers and institutional investors are all increasingly using transaction cost analysis to reduce costs and improve regulatory compliance. Global Investor’s Paul Golden investigates. FlexTrade’s Andy Mahoney comments.
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?
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.
The debate over ‘last look’ in foreign exchange trading has resurfaced in 2016 as regulators continue to eye the practice and investors worry about slippage and potential market abuse. Regulators are said to be scrutinizing FX dealing platforms that contain last look, a controversial practice that enables market makers to delay or reject trades from customers after they’ve agreed to a quoted price.
MiFID II is going to boost transparency in financial markets and improve and broaden best execution standards for the buy side, but not everyone is prepared to handle all the data. While MIFID II standards go into force as of January 3, 2017, buy side market participants have suggested there is not enough time to prepare for the technology changes.
When a buy-side trader turns on the execution management system in the morning, the blotter could have a large number of orders clamoring for attention. Determining a path for each order can be time consuming. Each order has different characteristics and can be traded in different ways. Now traders can visually design strategies in an …
Gone are the days when institutional trading usually meant equities trading only. In a world where other asset classes like fixed income, foreign exchange and derivatives are increasingly traded electronically a la equities, FlexTrade Systems has evolved its product suite accordingly. “FlexTrade continues to make great strides in the multi-asset EMS space,” said Jamie Benincasa, …
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