FlexTrade Systems has extended Goldman Sachs’ actionable IOI functionality within the FlexTRADER EMS.
The functionality adds IOI profiling and analysis capabilities to the existing FlexIOI product and makes Goldman Sachs actionable liquidity available on the desktop. Customers can action IOI liquidity directly from the trading blotter, which now displays information, including the AFME codes, and the proportion of an order that can be completed using Goldman Sachs’ actionable liquidity.
“True actionable IOI’s are a standard feature in the FlexTRADER EMS, and this latest release allows traders to prioritise which liquidity they prefer to interact with,” says Andy Mahoney, Head of Sales at FlexTrade UK Ltd. “Taking multiple factors into account, including AFME classification, traders can now easily differentiate between risk and principal, and systematically highlight the IOIs that are most relevant at the point of execution.”
“As our franchise growth affords us the opportunity to send increasing amounts of targeted, actionable natural liquidity to clients, solving for the best workflow solutions is a natural next step,” says Danny Mallinson, Head of EMEA Equity Execution Services at Goldman Sachs. “Our clients expect us to deliver unique liquidity via innovative solutions. This partnership with FlexTrade achieves exactly that while adhering to industry-leading best execution standards.”
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