EMS provider FlexTrade integrates Symphony messaging platform

EMS provider FlexTrade integrates Symphony messaging platform

The execution management system (EMS) provider FlexTrade announced that it has integrated Symphony‘s secure messaging platform with its trading platforms.

This would let the users of its numerous EMS solutions to communicate directly from their trading blotter in a secure and compliant way. According to Andy Mahoney, director of business development for FlexTrade UK, the move was in response to the traders’ wish to be able to communicate from their blotters.

The clients of FlexTrade can decide for themselves how to include the Symphony messaging system into their workflow. The platform includes many options. The most basic capabilities allow the sending of automated messages when a predetermined set of criteria is met. “For example, if brokers fill your orders outside the spread, clients can trigger a message asking the brokers why they filled the order outside of the spread,” said Mahoney.

The Symphony application program interface (API) lets the clients integrate the system into any FlexTrade EMS they run and all they need is contact the FlexTrade support for instructions.

According to Mahoney, FlexTrade is planning to add in the coming months several other options, offered by Symphony, including search and research and cost analysis tools.

FlexTrade Systems was founded in 1996 and develops broker-neutral algorithmic trading platforms for equities, forex and listed derivatives. Its most popular system is FlexTRADER a broker-neutral algorithmic trading system. Besides several multi-asset platforms, the company has also developed buy-side and sell-side solutions for trading in forex, such as FlexFX, the Foreign Exchange Order Management System (OMS) FlexOMS and the white label trading system MaxxTrader. It allows the clients to trade in forex, precious metals, index and commodity CFDs and is offered by the forex broker Invast, for example.

Symphony is a cloud-based encrypted communication and content sharing system, initially developed as an internal messaging system for the American multinational investment banking firm Goldman Sachs, under the name LiveCurrent. In 2014 Goldman Sachs, along with 14 other major financial institutions set up Symphony Communication Services. In 2015 Symphony announced a public release of its platform.

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