NEO Investimentos Licenses Three FlexTrade Products
![rio-brazil rio-brazil](/sites/default/files/styles/landscape_750_463/public/import/IMG/895/175895/rio-brazil-580x358.jpg.webp?itok=M7paMgSL)
Brazilian investment manager NEO Investimentos, with offices in Sao Paulo and Rio de Janeiro, has deployed FlexTrade Systems' execution management system (EMS), FlexTRADER.
According to Marcelo Cabral, founding partner of NEO Investimentos, FlexTRADER's multi-broker, multi-asset, multi-region capability, combined with its trading strategies template were key factors in the firm's decision. "We wanted a platform that would give us the coverage we wanted, while also allowing us to develop and implement our own algos and trading strategies," says Cabral. "FlexTRADER's rules-based engine allowed us to do that while also facilitating a seamless workflow with our other systems."
According to FlexTrade, based in Great Neck, NY, NEO Investimentos will also utilize FlexSpread, the firm's pairs algorithm suite.
"While we were planning on writing our own pairs algos, we reviewed FlexSpread and found it was perfect for our needs in trading Brazilian equities," Cabral continues. "So we decided to have it included with the overall package."
Available through FlexTRADER or as a stand-alone application, FlexSpread's functionality also supports cross-currency pairs and spreads, as well as multi-asset trades such as futures versus exchange-traded funds (ETFs).
"We wanted a platform that would give us the coverage we wanted, while also allowing us to develop and implement our own algos and trading strategies," says Cabral.
NEO Investimentos is also set to roll out FlexTrade's FlexOPT application, designed to allow users to minimize market impact, transaction costs, and risk exposure for algorithmic options trading.
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