To enhance execution capabilities for its users, FlexTrade Systems, a multi-asset execution and order management systems provider, has announced an integration with BTON Financial, a data collaboration and order routing technology company.
The integration will provide FlexTrade’s FlexTRADER EMS platform users with AI-driven broker selection suggestions from BTON to assist in optimizing the best execution performance. BTON’s solution leverages collective data sets and artificial intelligence to recommend optimal brokers and algorithms for executing trades.
Mutual customers will now be able to access BTON’s recommendation algorithm directly within FlexTRADER EMS. Traders can select orders in their blotter and send parameters like size, instruments, desired algo, and timeframe to BTON with a single click to receive feedback on the ideal broker for best execution.
Dan Enstedt, the Vice President at FlexTrade Systems, noted the new integration broadens pre-trade intelligence sources available in FlexTRADER EMS. “BTON’s collaborative pre-trade data sets and AI-driven functionality deliver actionable insights directly within their order blotter,” Enstedt added.
The integration expands FlexTRADER EMS’s existing automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term capabilities, like FlexAlgoWheel, to further simplify low-touch workflows by incorporating BTON’s AI-driven suggestions into parameter-driven automation rules
“We accelerate integration and mitigate risks, providing a cost-efficient solution for a more sophisticated and accountable approach to order execution through the power of AI,” Daniel Shepherd, the CEO of BTON Financial, commented. He added that the partnership combines expertise and technology to redefine broker selection.
In recent developments, FlexTrade Systems appointed Michael Kovach as the Head of Fixed Income Sales in the Americas in November. Kovach, with his extensive experience in fintech and electronic trading solutions, is set to drive the adoption of FlexFI, FlexTrade’s Fixed Income EMS.
As Finance Magnates reported earlier in September, FlexTrade embarked on a strategic partnership with Tradefeedr, a foreign exchange data analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term provider. This collaboration aims to optimize FX trading workflows by integrating Tradefeedr’s FX pre-trade forecast data into FlexTrade’s FlexTRADER EMS platform.
Additionally, a few months prior, Amundi Intermédiation, a leading European execution platform, announced its plan to also deploy FlexTRADER EMS. The adoption by Amundi Intermédiation marks another milestone for FlexTrade, showcasing the company’s growing influence.
