FlexTrade Adds LoopFX’s Dark Pool Matching To Its Platform
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FlexTrade Systems has added LoopFX’s dark pool matching system to its trading platform. This update helps big financial companies trade large amounts of foreign exchange (FX) with less impact on the market.
According to the update, clients using FlexTrade’s FlexFX system can now access LoopFX’s matching tool. This is helpful for trades bigger than $10 million. The company noted that users do not need to change anything in their current system to use this new feature.
The Firm’s New Feature Helps Clients Find Better FX Trade Matches
Uday Chebrolu, a senior leader at FlexTrade, stated that the FX market keeps changing. He explained that adding LoopFX to FlexFX helps clients find the right trade matches more easily. He also noted that this feature helps traders reduce the effect of big trades on the market.
FlexTrade added that LoopFX’s matching system helps large FX traders, such as banks and asset managers, connect and trade smoothly. Clients can send their trade orders directly through the FlexFX system and still check their trading performance using FlexTrade’s special analysis tool, FlexTCA.
FlexTrade Plans To Add More Automated Trading Features
The organisation plans to improve this feature by adding automation through its FlexAlgoWheel system. This will allow users to check for matches on LoopFX before following their own trading rules.
Blair Hawthorne, CEO of LoopFX, stated that they are happy to work with FlexTrade. He said the company is known for putting clients first and that this partnership will give more traders direct access to LoopFX’s matching system.
FlexTrade noted that it provides trading solutions for many financial companies. The company focuses on helping traders handle complex trading strategies through strong technology and partnerships.
LoopFX is a trading system that helps large FX trades happen at fair prices while keeping the details private. This helps traders avoid showing too much information about their trades.
In October, FlexTrade partnered with Propellant Digital to provide trading insights for T. Rowe Price. A source said T. Rowe Price added Propellant Digital’s tools to FlexTrade’s fixed-income trading system. This change helps traders see market data in real time and improve their strategies.
FlexTrade stated that this update also helps meet new transparency rules for trading in Europe and the UK. The company added that this feature allows traders to see past prices, current trade activity, and other important market details all in one place.
Flex Trade System Incorporated is a monetary technology company that was established in 1996 by Vijay kedia, he kept serving as the president and Chief Executive Officer.
The firm is a specialist in broker neutral algorithmic trading platforms, it also carries out execution systems for different assets classes, part of it are fixed income, option future and foreign exchange.
