FlexTrade Systems, a specialist in multi-asset execution and order management systems, has launched a new offering for traders of public equity to plan, manage and execute equity offerings via a new issue management system, FlexNIMS.
FlexTrade says that by leveraging this all-in-one solution, global buy-side firms can reduce the time and risk involved with the new issue management process for IPOs, follow-ons and block trades by managing the process from the deal evaluation phase, internal interest aggregation and approvals, to compliance checking and customised individual allocations on deal day. FlexNIMS can also integrate directly with order management systems to book trades all within one user environment.
FlexTrade has developed FlexNIMS in conjunction with existing client Neuberger Berman, with the system already live on the latter’s platform and having successfully completed a number of transactions.
In a press statement, Rob Arancio, Head of Trading at Neuberger Berman, said: “The team at FlexTrade worked to understand the particular needs of our firm. We believe that the technology will benefit our clients as we work more efficiently in pursuit of best pricing and execution.”
