Implements MaxxTrader to Enhance FX Offering, Including G10 Currencies, NDFs, and Base and Precious Metals
ME NewsWire/Business Wire
GREAT NECK, N.Y - Monday, October 27th 2014
FlexTrade Systems, Inc, a global leader in multi-asset execution and order management systems, today announced that Berkeley Futures Ltd has implemented MaxxTrader, it’s white label ASP front-end platform, to facilitate global FX trading. Used as a complete FX solution, MaxxTrader will allow Berkeley to cover the full trading cycle, including price construction, distribution, trade execution, hedging, position management, post trade analysis on G10 currencies, Non Deliverable Forward contracts (NDFs), and base and precious metals.
“By using MaxxTrader as a comprehensive solution, Berkeley will be able to facilitate and navigate trading in the global currency markets,” said Vikas Kedia, Managing Director, FlexTrade UK Ltd in London. “MaxxTrader will serve as an aggregation and distribution platform to Berkeley’s customers, and will be used for on-line Non Deliverable Forward (NDFs), G10 currency execution, base and precious metals trading, auto hedging as well as transaction cost analysis.”
“We are seeing an increase in demand for hedging and trading using NDF markets and requirements for tighter spreads in G10,” said Marc Quinn, Senior Associate Director, Berkeley Futures Ltd. “As our customer base grows, they require more sophisticated trading tools across a variety of asset classes. Customers require the ability to execute trades both algorithmically as well as click trading. Berkeley customers will be provided with access to a wide range of external liquidity providers as well as the ability to trade against Berkeley’s internalised liquidity pool.
By partnering with FlexTrade, our customers will not only access increased functionality, but experience an enhanced FX and metals platform solution to help them better manage their global FX trading and risk, as well as having access to enhanced algorithmic trading requirements.”
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems, Inc. is the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com or follow news of the company on Twitter at www.twitter.com/flextrade or LinkedIn at http://www.linkedin.com/company/flextrade?trk=top_nav_home.
About Berkeley Futures Ltd.
Berkeley Futures Ltd is a leading UK broker offering a range of derivatives from Futures, Options, Forex, Bullion and Contracts for Differences to institutions and individuals. Since its incorporation in 1986, Berkeley has been conducting business on a matched principal basis, offers segregation of clients’ money and is partly owned by Macquarie Investments (UK) Limited, a UK Investment subsidiary of Macquarie Group. Berkeley Futures Ltd is a member of the London Stock Exchange, a member of the Dubai Gold and Commodity Exchange, a member of FIA Europe and is Authorised and Regulated by the Financial Conduct Authority. For more information on Berkeley Futures please see www.bfl.co.uk or call on +44 (0) 20 7758 4777 or email tradingdesk@bfl.co.uk.
Contacts
FlexTrade Systems, Inc.
James Tolve,
516-304-3601;
(C)516-395-0549
james.tolve@flextrade.com
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