GREAT NECK, N.Y.--()--FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, today announced it has become an approved Independent Software Vendor (ISV) with the Dubai, Gold & Commodities Exchange (DGCX).
According to Stephen Gaterell, CEO of the DGCX, having FlexTrade on board as an independent software vendor enhances the Exchange’s efforts to offer state-of-the-art technology solutions to its members. “FlexTrade has been a global player in trading technology for some time now and we are very pleased to have them aboard,” said Gaterell. “I think our members will find the customizable trading strategies and algorithms available through their options and futures platforms to be of particular interest as well as their risk and stress analysis offering.”
“It’s a pleasure to join the DGCX as an ISV,” said Vijay Kedia, president and CEO of FlexTrade. “We are fully committed to the exchange and its members and believe this partnership will enable both parties to offer the latest in cutting-edge, derivatives trading technology.”
FlexTrade’s derivatives trading solutions available to DGCX members include:
FlexOPT -- A comprehensive options trading system for buyside and sellside institutions engaged in agency, facilitation and/or proprietary trading. The system provides direct access to all options exchanges, leading broker algorithms, fully customizable algorithms and various options trading strategies, such as dispersion trading, volatility trading and cross asset trading for quantitative trading, order management and execution management.
FlexOPT-RM -- A complete real-time risk and stress analysis platform whereby options traders can analyze risk by portfolios, sectors, traders, accounts or any level of aggregation/hierarchy.
FlexOPT-OMM -- A flexible order-driven market making platform for advanced options traders. It provides a comprehensive user interface for configuring an order strategy and a pricing engine that can be fully customized by the trader and loaded into the system as a dynamic module. Positions can be grouped and viewed at various levels, and a robust hierarchy of risk limits ensures that the trader can manage risk in real-time. The risk limits can be specified for position quantities, as well as Greeks such as Delta, Gamma and Vega.
FlexFutures -- A futures trading system built to seamlessly integrate with black boxes and other proprietary or third-party systems. It comes fully integrated with real-time allocations, compliance and broker restrictions, and is pre-loaded with a suite of rules-based trading execution strategies, including enhanced Icebergs and Time Slicing, which can also be used to execute exchange-listed calendar spreads.
About DGCX
Established in 2005, DGCX is the region’s first derivatives exchange and the only one allowing participants to clear and settle transactions within the region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India)Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader 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.com or follow news of the company on Twitter at www.twitter.com/flextrade.