GLMX and FlexTrade collaborate on repo workflow and execution
13 February 2024 US
Image: nuthawut/stock.adobe.com
GLMX Technologies has partnered with FlexTrade Systems, a New York-based multi-asset execution and order management trading solutions firm, to allow mutual clients to manage repo workflow and execution between the two platforms.
The new initiative with FlexTrade’s FlexONE order and execution management system (OEMS) and FlexTRADER EMS aims to provide clients with a comprehensive solution for managing the entire trade lifecycle — from order execution to post-trade compliance and reporting.
As a result of the collaboration, mutual clients can now gain greater control and efficiency through customisable and shared pre and post-trade workflows, the firms say.
The workflows are designed to allow trading teams to automate complex order routing and allocation strategies, minimise manual errors, and ensure regulatory compliance.
The API integration is available for deployment, with the first mover, a global asset manager, already live and in production, and a second client, an APAC-based hedge fund, set to go live in Q1 2025.
Commenting on the collaboration, Andy Wiblin, chief operating officer at GLMX, says: “Client demand for cross-market efficiency is a primary driver for GLMX to deliver new technologies and connectivity. By partnering with FlexTrade, we aim to support our clients’ trading, risk management, and operational resilience efforts globally.”
Satish Ramanath, SVP, buy side, APAC at FlexTrade Systems, adds: “We’re delighted to make our new integration to the GLMX platform available for FlexTrade’s global asset management and hedge fund community.
“Working together with GLMX, we’ve provided our clients with a seamless and efficient means of accessing differentiated liquidity within their existing workflows.”
The new initiative with FlexTrade’s FlexONE order and execution management system (OEMS) and FlexTRADER EMS aims to provide clients with a comprehensive solution for managing the entire trade lifecycle — from order execution to post-trade compliance and reporting.
As a result of the collaboration, mutual clients can now gain greater control and efficiency through customisable and shared pre and post-trade workflows, the firms say.
The workflows are designed to allow trading teams to automate complex order routing and allocation strategies, minimise manual errors, and ensure regulatory compliance.
The API integration is available for deployment, with the first mover, a global asset manager, already live and in production, and a second client, an APAC-based hedge fund, set to go live in Q1 2025.
Commenting on the collaboration, Andy Wiblin, chief operating officer at GLMX, says: “Client demand for cross-market efficiency is a primary driver for GLMX to deliver new technologies and connectivity. By partnering with FlexTrade, we aim to support our clients’ trading, risk management, and operational resilience efforts globally.”
Satish Ramanath, SVP, buy side, APAC at FlexTrade Systems, adds: “We’re delighted to make our new integration to the GLMX platform available for FlexTrade’s global asset management and hedge fund community.
“Working together with GLMX, we’ve provided our clients with a seamless and efficient means of accessing differentiated liquidity within their existing workflows.”
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