09.12.2012

FlexTrade Partners With NYSE Technologies

09.12.2012

GREAT NECK, NY, September 12, 2012 – FlexTrade Systems, a global leader in broker-neutral, multi-asset execution and order management systems, today announced a partnership with NYSE TechnologiesTM, the commercial technology division of NYSE Euronext (NYX), to provide exchange market data clients with direct access to FlexEdge, its predictive analytics platform offering advanced forecasting capabilities for trading U.S. equities.

FlexEdge supplies intraday volume forecasts for use by sell-side and buy-side institutions. These volume forecasts represent a substantial improvement over traditional volume estimation techniques and can help clients manage slippage costs, improve order sizing, and reduce VWAP tracking error.

“Predictive analytics is a relatively new forecasting tool for the electronic trading space,” said Vijay Kedia, president and CEO of FlexTrade. “With this partnership, clients of NYSE Technologies can now gain access to intra-day volume forecasts for 3,000 equities and ETFs, thus giving them a possible edge in managing their trading executions.”

“FlexTrade joins us at the forefront of innovation by supporting the new industry standard OpenMAMASM and placing our products on an open, multi-vendor market data platform,” said W. Todd Watkins, Global Market Data, NYSE Technologies. “Through this collaboration, we are able to provide customers with a market data solution that helps them formulate more effective trading techniques.”

FlexEdge Features (available via NYSE TechnologiesTM)

  • Intraday bin volume, enhanced volume profile, and end-of-day volume forecasts.
  • Forecasts for 3000 U.S. equities and ETFs every minute.
  • The ability to use forecasts algorithmically, visualize graphically, or display on the blotter.

FlexEdge Benefits

  • Cuts volume forecast error 20-25% compared to the historical average across the top 3000 equities.
  • Helps manage and reduce slippage.
  • Provides volume profile forecasts that improve VWAP tracking error 7-10% vs. historical curves.
  • Provides access to continuous improvements in methodology driven by ongoing research.

The product is available for purchase through NYSE Technologies Global Market Data site, www.nyxdata.com.

About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: nyse.com/technologies.

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.com or follow news of the company on Twitter at www.twitter.com/flextrade.

 

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