Flextrade connects to DGCX system
Dubai, January 31, 2012
Dubai Gold & Commodities Exchange (DGCX) has announced that FlexTrade Systems, a leader in broker-neutral multi-asset algorithmic trading systems, has become its approved independent software vendor (ISV).
DGCX said having FlexTrade on board as an ISV enhances the exchange’s efforts to offer state-of-the-art technology solutions to its members, said a senior official.
“FlexTrade has been a global player in trading technology for some time now and we are very pleased to have them aboard,” said Stephen Gaterell, the DGCX chief executive officer.
“I think our members will find the customizable trading strategies and algorithms available through their options and futures platforms to be of particular interest as well as their risk and stress analysis offering,” he remarked.
“It’s a pleasure to join the DGCX as an ISV,” said
Expressing delight at the DGCX move, Vijay Kedia, president and CEO of FlexTrade,“We are fully committed to the exchange and its members and believe this partnership will enable both parties to offer the latest in cutting-edge, derivatives trading technology.”
The FlexTrade’s derivatives trading solutions available to DGCX members include:
*FlexOPT -- A comprehensive options trading system for buyside and sellside institutions engaged in agency, facilitation and/or proprietary trading. The system provides direct access to all options exchanges, leading broker algorithms, fully customizable algorithms and various options trading strategies, such as dispersion trading, volatility trading and cross asset trading for quantitative trading, order management and execution management.
*FlexOPT-RM -- A complete real-time risk and stress analysis platform whereby options traders can analyze risk by portfolios, sectors, traders, accounts or any level of aggregation/hierarchy.
*FlexOPT-OMM -- A flexible order-driven market making platform for advanced options traders. It provides a comprehensive user interface for configuring an order strategy and a pricing engine that can be fully customized by the trader and loaded into the system as a dynamic module. Positions can be grouped and viewed at various levels, and a robust hierarchy of risk limits ensures that the trader can manage risk in real-time. The risk limits can be specified for position quantities, as well as Greeks such as Delta, Gamma and Vega.
*FlexFutures -- A futures trading system built to seamlessly integrate with black boxes and other proprietary or third-party systems. It comes fully integrated with real-time allocations, compliance and broker restrictions, and is pre-loaded with a suite of rules-based trading execution strategies, including enhanced Icebergs and Time Slicing, which can also be used to execute exchange-listed calendar spreads.
Established in 2005, DGCX is the region’s first derivatives exchange and has played a pioneering role in developing the regional market for derivatives.
Founded in 1996, FlexTrade Systems is the industry pioneer and global leader in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives.-TradeArabia News Service