just now
SimCorp clients can now deploy FlexTrade's asset Execution Management System solution FlexTRADER alongside the investment management platform SimCorp Dimension
March 28, 2023 - SimCorp, an independent provider of investment management solutions, has partnered with FlexTrade Systems, a provider of multi-asset trade execution management systems (EMS), to extend SimCorp's Order Management System (OMS) capabilities by incorporating the cross-asset EMS functionality of FlexTrade's FlexTRADER EMS.
This partnership aims to address the growing demand from trading teams for integration and collaboration of workflows between their OMS and EMS solutions.
As part of the partnership, FlexTrade will join SimCorp's Open Platform program which is designed to offer its client base access to fintech solutions across the investment value chain.
A key component of the new agreement will see the two firms work together to deliver enhanced connectivity between SimCorp's OMS, Order Manager, and FlexTrade's multi-asset EMS, FlexTRADER. It is hoped that joint clients will benefit from a smoother onboarding process and a reduced time to market when they choose to deploy FlexTRADER EMS with SimCorp Dimension.
Zoe Sheehan, Vice President, Investments at SimCorp: "Accessing liquidity is key for traders, not least in the recent volatile markets. By expanding our native interoperability with EMS providers to include FlexTrade, we formalize a long-running collaboration to provide a tested and maintained integration. This offers SimCorp clients another great tool to complement their SimCorp platform. Giving our clients the freedom to choose the best EMS for their needs speaks to the openness and strength of our ecosystem."
Andy Mahoney, Managing Director, EMEA, FlexTrade Systems adds: "We are pleased to strengthen our relationship with SimCorp and join its Open Platform initiative. SimCorp and FlexTrade have a strong track record of providing innovative solutions to the buy side. We are excited to collaborate to deliver a seamless, cross-asset technology interaction between EMS and OMS solutions, which will help our mutual clients optimize their trading activities."
Anders Kirkeby, Head of Open Innovation, SimCorp comments: "By integrating SimCorp's portfolio and order management solutions with a small set of carefully selected leading trade execution management systems, our clients get robust and scalable order execution and automation capabilities to enable traders to deliver great execution even on the busiest trading days."
