FlexTrade Systems, a provider of multi- asset execution management systems, has launched TradeGuide – a way of visualising and presenting trade data in the company’s FlexTrader multi-asset execution management system (EMS).
TradeGuide is a series of pre-defined web components sitting directly in the FlexTrader multi-asset EMS. It offers pre-trade and in-flight feedback on orders.
TradeGuide draws in data from multiple sources, which is interpreted with conclusions presented in an easy to digest format.
Rather than rely on the traditional row and column table format, TradeGuide introduces a new way of visualising trade data.
The initial release of TradeGuide offers both pre-trade and in-flight guides. Each individual guide is designed to answer a particular question. “What’s the best way to route this order?” analyses historical trade data and suggests trading strategies. “How big is my footprint?” will result in one of the in-flight guides monitoring and analysing a variety of FIX tags and market information in real time, and alerting when the footprint is too large or an unusual event occurs, such as receiving a lit execution when using a dark-only strategy.
In-flight alerts are presented in an actionable format, ensuring a trader can quickly adjust trading style and aggressiveness, or even pull the order. These alerts can even be linked to FlexTrader’s rules engine, enabling automated responses to specific events, such as sending a message out to a broker when a trade is executed outside the spread.
Andy Mahoney (pictured), business development director of FlexTrade UK in London, says: “This represents a complete re-assessment of the way trade data is presented. We threw away the rule book; we abandoned outdated tabular data presentation in favour of actually answering the questions our clients ask while managing trades.”
