FlexTrade Systems today announced a new offering for public equity dealers to plan, manage and execute equity offerings through their new issue management system, FlexNIMS.
By leveraging this all-in-one solution, global IPOs can reduce the time and risk involved in the new release management process for IPOs, go-lives and block deals by managing the process from the deal evaluation phase, the internal interest pooling and approvals, compliance review and adjusted individual distributions on deal day.
Finally, FlexNIMS can be directly integrated with order management systems to book transactions in one user interface.
FlexNIMS provides seamless integration with order management systems, enabling efficient transaction booking within a single user interface. This integrated approach enhances process efficiency and reduces operational risks, directly contributing to our mission to maximize shareholder value.
Benefits of FlexNIMS include:
- Complete end-to-end ECM workflow for primary market equity deals.
- A calendar-based system that includes order entry, aggregation, allocation and booking
- Digital order entry and allocation, reducing errors and increasing PM/trader efficiency
- Automatically post deal alerts throughout the offer lifecycle
- Suballocations according to the user’s internal allocation policy
- Integration of internal legal, compliance and oversight policies
- OMS integration to facilitate booking and finalizing orders
Vijay Kedia, President and CEO of FlexTrade said:
“We are pleased to launch FlexNIMS, the only product of its kind that seamlessly integrates with a multi-asset EMS, multiple OMS solutions and provides end-to-end automation of the Primary Market workflow while reducing risk and connecting all parties in the pre-IPO Process.
FlexNIMS allows buying firms to capture PM interest in equity offerings, aggregate interest across the firm, automate compliance checks, allocation, and ultimately book trades in their OMS. The strength of this tool stems from the close working relationship and deep knowledge of our client, Neuberger Berman, and demonstrates our commitment to innovation.”
Rob Arancio, Head of Trading at Neuberger Berman said:
“The FlexTrade team worked to understand the unique needs of our company. We believe technology will benefit our customers as we work more efficiently in pursuit of better pricing and execution. The FlexTrade team has created a complete solution for participation in the equity markets that allows full direct processing from the notification of a deal, the right to the allocation of shares to the order management system. The system is live on our platform and has successfully completed a number of transactions. “