FlexTrade Systems, a broker-neutral technology firm recently announced that its FlexTRADER EMS platform, has been certified for integration with thinkFolio. It is an investment management platform by IHS Markit. The two companies suggest that the integration will lead to a more standardized interface on the two platforms and help mutual clients.
What happens now to thinkFolio clients?
With the new certification for integration, clients of thinkFolio clients will now be able to access the functionality of the FlexTRADER platform. It provides a customizable execution management system (EMS). It comes with pre-defined trading strategies and tactics that apply to single stock trading and portfolio trading across all the asset classes.
With the help of this integration, mutual clients of both platforms will be able to get a more standardized interface. Eventually, it will help in reducing costs and providing more scalability to both platforms. Commenting on the deal, Louisa Paul, head of equity dealing at Baring Asset Management said,
“A certified interface between thinkFolio and FlexTRADER creates the best of both worlds for us at Barings, by giving us the ability to trade in a seamless manner.”
Why integration matters?
FlexTrade provides a product suite offered to market data providers. It can also integrate with any order management system (OMS) using an API or FIX. FlexTRADER is a popular solution for global investment managers as it offers the consolidation of listed options, equities, futures, forex, and any other combination to provide a smooth functioning platform. The infrastructure can be used as a basis for a multi-asset execution management system. It can also be customized with broker algorithms and can be used to create proprietary algorithms as well.
According to Andy Mahoney, head of sales at FlexTrade UK, the IHS Markit thinkFolio and FlexTrade already gave multiple existing clients, which makes it natural for them to strengthen their connection via an integration. This is especially true because of the rising demand for high-performance and truly cross-asset execution caliber. All this needs to take place with a consistent and dependable workflow management solution.
ThinkFolio offers a cross-asset-class order management system (OMS) alongside a portfolio modeling system (PMS). It is one of the most crucial business segments for the IHS Markit group as it supports a large number of forex, cash management, fixed income modeling, and loans features. The combined platform is now a scalable, easy to use, and highly flexible solution available to the clients.