The new integration gives users of FlexTRADER EMS access to AI-driven broker selection from BTON Financial, along with suggestions to assist with improving best execution performance. BEST EXECUTION spoke to FlexTrade vice-president Dan Enstedt to learn more.
“Our clients want to leverage the latest innovations and algos available to them and, crucially, be able to seamlessly interact with them from within FlexTRADER EMS as part of their workflow,” explained Enstedt, speaking to BEST EXECUTION.
“Using them in tandem with advanced automation functionality can create additional value and optimize decision-making in a constantly evolving marketplace. New offerings, like BTON’s AI-powered solution, combined with the automation capabilities of FlexTRADER EMS, exemplify this demand.”
BTON Financial is a cloud-based, AI, and data-driven SaaS solution that helps buy-side trading desks to execute trading strategies effectively, automating order routing to the most appropriate broker using the most appropriate algo.
The new initiative between BTON Financial and FlexTrade Systems claims to signify a step forward in execution algo selection. Userss will now have access to BTON’s recommendation algorithm from within FlexTRADER, leveraging a collective data set that uses AI to enhance trading decisions. Using the solution via FlexTRADER EMS, traders can select orders in their blotter and send various parameters, including size, instruments, desired algo, and timeframe, to BTON with a single click, which provides feedback on the optimal broker to achieve best execution.
The integration expands on the existing automation capabilities within FlexTRADER EMS, and FlexAlgoWheel to enable traders to incorporate BTON’s suggestions within their parameter-driven automation rules to simplify low-touch workflow further.
“BTON’s collaborative pre-trade data sets and AI-driven functionality make an exciting proposition for our clients to be able to leverage and, through tight integration, deliver actionable insights directly within their order blotter. Combined with our sophisticated FlexAlgoWheel solution, they can create innovative automation strategies to deliver a competitive edge,” said Enstedt.
The rise in the availability of artificial intelligence solutions such as BTON and FlexTrade’s own AI-powered “FlexA” functionality has been notable throughout 2023, and solutions are now becoming more widely available on the buy-side trading desk.
“We expect this to continue in 2024, including the release of new capabilities in a 2.0 version of FlexA, designed to streamline further how a trader can work within their FlexTRADER EMS order blotter,” revealed Enstedt to BEST EXECUTION.
©Markets Media Europe 2023
