NEO Investimentos Licenses Three FlexTrade Products
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.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.