FlexTrade integrates with OTC Link ATS
FlexTrade Systems has completely integrated with OTC Link, a wholly-owned subsidiary of OTC Markets Group, to support trading and market making on OTC Link’s SEC registered alternative trading system, OTC Link ATS.
The new functionality integrates OTC Link ATS’ capabilities seamlessly into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products.
“We now provide OTC Link’s broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX, OTCQB and OTC Pink securities,” says Vijay Kedia, president and chief executive of FlexTrade. “Our objective is to address trading needs that are not widely available in the market place.”
The new functionality is available in both of FlexTrade’s sell-side OMS products, ColorPalette and FlexOMS. To access the product, customers need to be OTC Link ATS subscribers as the system uses OTC Link’s OTC Dealer IDs for trading access.
“FlexTrade is excited about the opportunity to work with OTC Link ATS’ subscriber market making firms around a new offering,” says Greg Ludvik, director, ColorPalette OMS. “We believe there is a market need for new alternatives to existing third-party solutions.”
FlexTrade offers multi-asset order management solutions for sell side institutions trading domestic as well as multi-national equities, FX, options and futures.
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