Deal sees provider of multi-asset algorithmic trading systems become an approved Independent Software Vendor on the DGCX.
FlexTrade will offer a variety of derivatives trading solutions to members of the Dubai exchange. One of these is FlexOPT, a trading system aimed at buy and sell-side organisations working in facilitation and proprietary trading. According to the company, the solution provides direct access to all options exchanges, leading broker algorithms and a range of options strategies, including dispersion trading, volatility trading and cross asset trading for quantitative trades, order management and execution management.
In addition, the FlexOPT-OMM platform provides flexible order-driven market making for advanced option traders. It features a customisable pricing engine that can be loaded into the system as a dynamic module, allowing traders to group and view positions at various levels. And manage risk in real time.
Other solutions include real-time risk and stress analysis platform FlexOPT-RM and trading futures system FlexFutures.
"FlexTrade has been a global player in trading technology for some time now and we are very pleased to have them aboard," said DGCX chief executive Stephen Gaterell. "I think our members will find the customizable trading strategies and algorithms available through their options and futures platforms to be of particular interest as well as their risk and stress analysis offering."
"It's a pleasure to join the DGCX as an ISV," added FlexTrade preseident and CEO Vijay Kedia. "We are fully committed to the exchange and its members and believe this partnership will enable both parties to offer the latest in cutting-edge, derivatives trading technology."