FlexTrade Systems, a specialist in multi-asset execution and order administration programs, has made its EMS product, referred to as FlexNOW, obtainable on Amazon Web Services (AWS). The transfer offers even decrease latency and stronger knowledge sovereignty, in addition to enhancing the competitiveness of its execution and connectivity companies.
The AWS enabled many corporations, together with NASDAQ, Dow Jones and FINRA, to scale back IT prices, tackle knowledge locality wants, and embark on fast transformations in vital new areas reminiscent of large knowledge evaluation. In whole, AWS now gives its customers a alternative between 17 areas with a complete of 44 availability zones around the globe.
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“We selected AWS as a result of it permits us to focus our time on ensuring FlexNOW meets our shopper’s wants reasonably than constructing and sustaining infrastructure. With FlexNOW deployed in AWS, our shoppers profit from elevated flexibility, lowered lead-time for brand spanking new options, and industry-leading safety and reliability,” stated FlexNOW product supervisor Rhyd Lewis.
MiFID II-Compliant EMS
FlexNOW is a broker-neutral buying and selling platform that gives a variety of order traits by means of a data-driven interface that to handle the wants of hedge funds and mini-primes. Additionally, FlexNOW gives entry to main market knowledge suppliers while simply integrates with any order administration system (OMS) through FIX and API.
FlexNOW additionally encompasses its personal built-in Transaction Cost Analysis (TCA) instrument in a bid to optimize the flexibility to customise workspaces and order tickets. Furthermore, it allows transparency and consistency in the most effective execution course of which has turn into a requirement underneath the Markets in Financial Instruments Directive II (MiFID II).
Lee Sherling, FlexNOW Sales Director, additional explains: “Cloud-based know-how is the long run for buying and selling programs and we’re delighted to be the primary Execution Management System to be hosted in AWS, the market chief in cloud-computing. AWS offers the premise for FlexNOW to be scalable and safe, with same-day deployment in any area and allows our shoppers to commerce extra successfully utilizing the applying or API.”