DSTi and FlexTrade to offer Integrated Trade Execution Management Solution
- 26 June, 2006 12:25
<p>Sydney, 26 June 2006 – DST International (DSTi), the leader in business solutions for the financial services industry and Flextrade Systems Inc a leader in multi-asset algorithmic execution management systems, announce today a signed joint development and distribution agreement. This agreement allows DST International (DSTi) and FlexTrade to offer an integrated portfolio modelling, order initiation and algorithmic execution management platform to buy-side institutions. This solution has already been implemented at one of the top ten global investment banks and is the first such broker neutral, integrated solution available for institutional investment managers on the market today.</p>
<p>DSTi and FlexTrade’s joint development also integrates FlexTrade’s transaction quality management tools. This provides Investment Management organisations full visibility into their trade execution process to better examine the quality of the transaction. It will also provide the ability to monitor the effectiveness of the applied trading algorithms.</p>
<p>Marcus Ansell, President of DSTi North America, said “This is a new initiative for DSTi which will take us to the leading edge of the trading solutions market by combining the technology of FlexTrade, which is used by major buy-side institutions, sell-side Brokers, and the highly demanding hedge fund market, with the proven institutional modelling and order management capabilities of the buy-side that DSTi has had for many years. This new DSTi Execution Management Solution is a seamless integration of DSTi’s buyside technology and FlexTrade’s algorithmic platform, that offers customers the best of both sell-side and buy-side transparent trading technology with a single turnkey solution.”</p>
<p>FlexTrade President and CEO Vijay Kedia, said, “FlexTrade is very enthusiastic about working with DSTi in the institutional asset management marketplace worldwide. We have seen the demand from asset managers for a broker-neutral solution that seamlessly integrates an Order Management System with an Execution Management System. We believe the marketplace will welcome an integrated solution which combines the DSTi position management and industrial data warehousing technology with the real time algorithmic trading and trade optimisation capabilities of FlexTrade suite of products."</p>
<p>About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. has a global client base approaching 100 buy-side and sell-side firms, including many large trading desks at major investment banks, hedge funds and investment management firms. Headquartered in Great Neck, NY (USA), FlexTrade also has offices in London and Paris. Clients include Barclays Global Investors, Jefferies & Company, Inc., HSBC Investment Bank, Marshall Wace North America L.P., Rosenblatt Securities Inc., Systeia Capital Management and Sanford C. Bernstein & Co., LLC. For more information, visit FlexTrade Systems at www.flextrade.com.</p>
<p>About DST International (DSTi)
With 19 offices and over 1500 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 700 clients in 55 countries. http://www.dstinternational.com</p>
<p>About our parent company DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into two operating segments: Financial Services and Output Solutions. DST operates one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST’s advanced technology and e-commerce solutions.</p>
<p>For further information or media interviews please contact:</p>
<p>Cathryn van der Walt
Tel: +61 402 327 633