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January 11, 2024 - Multi-asset execution and order management systems provider FlexTrade Systems alongside Kepler Cheuvreux (KCx), an independent brokerage firm, today disclosed that Anima Alternative SGR has integrated KCx's suite of intra-day stock-specific dynamic forecasts and analytics into their trading operations via FlexTRADER EMS.
KCx’s API Analytical Suite, aimed at enhancing transparency, now allows clients to integrate quantitative analysis and forecast data from KCx directly into their algorithmic strategies. This suite includes volume, volatility, and spread forecasts for stocks, with plans to expand to include pre-trade market impact models and e-cost assessments using machine learning techniques.
Anima Alternative’s trading team has leveraged this integration to streamline analytics directly into the FlexTRADER EMS interface, aligning analytics with their distinct trading strategies. The amalgamation of forecast analytics and FlexAlgoWheel facilitates the application of dynamic rules and the automation of low-touch orders.
Using KCx’s forecasts, Anima’s traders can create in-flight alerts to guide if an order is not likely to be filled. For example, an alert can be created to notify if a trader's total order quantity required to be filled is more significant than KCx's predicted Aggregated Remaining Volume so alternative sources of liquidity can be sought.
Brian Corcoran, Head of Trading at Anima Alternative, commented, “We are delighted to be one of the first firms to adopt KCx's new analytics suite via our EMS solution, FlexTRADER EMS. We aim to ensure that Anima’s trading team is at the forefront of adopting innovations that deliver the actionable intelligence our teams need to optimize trading decision-making. We are now live and in production with KCx’s forecasts via API, and we look forward to seeing the benefits the innovation can bring.”
Bobbie Port, Head of Electronic Distribution at Kepler Cheuvreux, shared, “We are delighted to roll out the latest phases of our API Analytical suite for client use. Making it available directly within the EMS via API opens a more significant prospect of opportunities for data sharing in the most flexible and agile way. The KCx API provides powerful, easily actionable insights to improve traders' strategies. Integrating KCx Analytical Suite with FlexTRADER EMS assists clients in their search for trading intelligence while leveraging their existing workflows.”
Andy Mahoney, Managing Director, EMEA at FlexTrade, commented on the integration, “Our existing clients, like Anima, increasingly want differentiated sources of dynamic, high-fidelity pre-trade analytics to combine with and enrich their trading data. Offerings like KCx’s new analytical suite are a perfect match for FlexTRADER EMS. Our open, flexible design enables clients to bring in the full breadth of forecast data into the EMS and use the analytics in the way that makes the most sense to the individual trader's needs. Combining the predictive analytics with FlexTrade's sophisticated automation and alerting tools is a powerful combination to help traders implement their strategies and course correct if needed."
Kepler Cheuvreux is an independent European financial services company, excelling in Research, Execution, and a range of other financial services, with a workforce of approximately 600 across 13 key financial cities in Europe and the US.
ANIMA, a leading Italian independent asset management entity, boasts approximately €186 billion assets under management as of November 2023. ANIMA Holding, the parent company, has been publicly listed on the Milan Stock Exchange since 2014 and has expanded to include Anima Alternative SGR, specializing in private market investments. In 2023, ANIMA Holding completed an 80% acquisition of Castello SGR, specializing in alternative investment products with a real estate focus.
