FlexTrade Systems stands as a multi-asset order management and execution systems export. Recently, FlexTrade has allowed its FLexNOW EMS product to be made available within LyxorAsset Management.
COVID’s Effects Still Present As Ever
Lyxor itself stands as the asset management unit of Societe Generale, offering exchange-traded funds for various retail investors. The firm boasts a total of $150 billion in assets under management. Lyxor itself stands as the third-largest exchange-traded funds (ETF) provider within Europe, but the French lending giant is still willing to put it on sale. The sad fact is that the business took a heavy hit last year thanks to the COVID-19 pandemic’s chaos it wrought within market conditions, including the ongoing fallout.
With FlexTrade’s flagship product adopted, Lyxor’s traders are now capable of doing business in thousands of futures and stocks, doing so across an array of algos and brokers. Another key benefit gained is by way of stronger data sovereignty and lower latency, including a boost in competitiveness regarding connectivity and execution.
The Mandatory Kind Words
Samy Debbah stands as the Head of Dealing Desk at Lyxor and gave a public statement about this new move. Debbah explained that it’s no simple process to integrate a new EMS into such a complex workflow, but everyone’s better off with this move. FlexNOW has, according to Debbah, managed to significantly improve the operational safety and efficiency in Lyxor’s workflows, having completely replaced the old solutions. This, Debbah said, is especially true regarding larger baskets.
FlexNOW itself stands as a broker-neutral trading platform, dedicated to providing an array of order characteristics. It does so by way of a data-driven interface dedicated to addressing hedge funds and mini primes’ individual needs. Another key selling point for FLexNOW is its ability to allow access to the world’s leading market data providers. Another key selling point is that it’s easily capable of integration within any form of order management system (OMS) by way of API and FIX.
Working Hard To Be An Attractive Solution
FlexNOW also incorporates its own Transaction Cost Analysis (TCA) solution built into itself. This all comes in an attempt to fully optimize workspace and order ticket customization within the solution itself. Another key feature is its allowance for consistency and transparency regarding the best execution process. Nowadays, this service is mandatory, however, under the EU’s Markets in Financial Instruments Directive II, or MiFID II.
Adi Prnjavorac stands as Flextrade’s Systems’ Head of Sales at its FlexNOW arm. He explained that Lyxor, in general, gets an advantage by way of FlexNOW’s quick response to new requests and overall strong support.