January 12, 2021 – Multi-asset execution and order management systems provider FlexTrade Systems has announced today that TFI, a Chinese-based financial group which, amongst others, provides institutional brokerage services to trade in equities on the Hong Kong Stock Exchange, will migrate to FlexOMS.
TFI was previously using Bloomberg's SSEOMS (Sell-Side Equity Order Management System). In April 2019 Waters Technology broke the news that Bloomberg was looking to exit the SSEOMS business line. After what the company says was a comprehensive evaluation, FlexTrade was chosen to deliver a seamless integration of their sell-side trading solution FlexOMS.
As part of the FlexOMS migration, TFI International has added feature sets, and functionality such as DMA and DSA workflows. At the same time, TFI has gone live on FlexOMS’s new middle office system MOS, and the all new Hong Kong Exchange gateway providing direct access to the exchange.
Rajiv Keida, Co-Founder, FlexTrade Systems
Rajiv Kedia, Co-Founder, FlexTrade Systems commented: “We are thrilled to partner with TF International to expand our OMS offerings in APAC and are committed to provide the same level of excellent customer support and cutting-edge technology that we are known for globally. We look forward to working with TFI to help provide flexible and reliable technology solutions to address their expanding business requirements.”
River Ho, Executive Director at TFI
River Ho, Executive Director at TFI stated: “As a result of SSEOMS decommissioning, and after having evaluated a few leading OMS systems, TFI selected FlexTrade because of its advanced functionalities, its flexibility and reliable trading technology. FlexTrade has proven to provide us with a very quick delivery of their trading solution and excellent service alongside. We look forward to FlexOMS providing us with an augmented efficiency and execution quality in our trading workflow.”
Kedia continued: “While we are new to this market, we strongly feel that the solutions we offer, especially in Analytics, Global Program Trading and Enhanced Low-Touch Order Routing, can be beneficial to the entire Sell-Side community in Hong Kong. We thank River Ho and TFI for giving us this opportunity and look forward to a long and fruitful partnership.”
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