Multi-asset order management and execution company FlexTrade Systems and BTON Financial, a leading provider of data collaboration and order routing decision technology, have announced a new integration to provide FlexTRADER EMS users with seamless access to AI-based broker selection recommendations intelligence. by improving the best execution performance.
BTON Financial is a cloud, AI and data-driven SaaS solution designed to empower market-side trading desks to reduce costs while increasing performance. BTON helps market-side firms execute trading strategies efficiently by automating the routing of orders to the most appropriate broker using the most appropriate algo. It frees up traders to spend extra time working on more illiquid and internal instruments, which require more maintenance and communication with their portfolio managers.
The new initiative between BTON Financial and FlexTrade Systems marks a significant advance in execution algorithm selection. Mutual clients will now have access to BTON’s state-of-the-art recommendation algorithm through FlexTRADER, leveraging a collective data set that harnesses the power of artificial intelligence to improve trading decisions. Using the solution through FlexTRADER EMS, traders can select orders on their blotter and send various parameters such as size, instruments, desired algo and timeframe to BTON with a single click, which provides feedback for the optimal broker to achieve optimal execution. The new integration expands on the existing automation capabilities in FlexTRADER EMS and FlexAlgoWheel to allow traders to integrate BTON’s suggestions into their parameter-based automation rules to further simplify their low-touch workflow.
Dan Enstedt, Vice President of FlexTrade Systems, noted:
“We are pleased to partner with BTON Financial on this new integration to expand the sources of pre-trade intelligence our clients can access from FlexTRADER EMS. BTON’s collaborative pre-trade datasets and AI-driven functionality is an exciting proposition for our clients to leverage and, through tight integration, provide actionable insights directly to their order blotter. Combined with the sophisticated FlexAlgoWheel solution, they can create innovative automation strategies to deliver a competitive advantage.”
Daniel Shepherd, CEO of BTON Financial, said:
“Our partnership with FlexTrade Systems represents a synergy of expertise and technology that will redefine broker selection in today’s markets. By combining BTON’s AI-driven execution capabilities with FlexTrade’s cutting-edge technology, we accelerate integration and mitigate risk, providing a cost-effective solution for a more sophisticated and responsible approach to order execution through the power of AI.”
About FlexTrade systems
FlexTrade Systems is the global leader in high-performance trading technology, including multi-asset execution and order management systems spanning equities, fixed income, foreign exchange, futures and options. With a global presence in 45 countries, FlexTrade works closely with both market-side and client-side clients. Our team of over 500 dedicated software developers and industry experts curate robust, customized trading workflows across multiple asset classes.
About BTON Financial
BTON is an independent financial technology company that provides trading desk optimization technology using cutting edge technology to improve results for all trading desks. By leveraging large, collaborative datasets, BTON empowers intelligent decision-making for today’s and tomorrow’s marketers.