FlexTrade Taps Corvil Analytics For Performance Insights
Corvil today announced that FlexTrade, a global leader in high performance multi-asset execution and order management systems, is employing Corvil Analytics to assure excellence in client performance and experience across its trading solutions.
Dedicated to enabling clients to perform optimally on each trade and achieve best execution, FlexTrade offers an integrated array of cutting-edge, trading solutions across a complex and highly customized environment. With a rapidly expanding range of proprietary algorithms and connectivity to market venues, brokers, and liquidity providers, FlexTrade sought to bolster its operations to gain greater visibility and analysis of client and infrastructure performance.
“As part of our commitment to superior client experience, we have partnered with Corvil to provide our customers with a new option in advanced analytics from an industry-leading technology provider in the field,” said Vishal Pandya, Chief Operating Officer, FlexTrade. “Corvil enables us to proactively profile our network and reduce incident diagnosis from days to minutes or hours, thus ensuring our resources remain focused on customer performance.”
A recent Greenwich Associates research report, reaffirms the growing industry trend of traders seeking customized trading algorithms to meet their specific requirements. To effectively service clients’ electronic trading requirements in today’s equities markets, the report highlights the importance of utilizing a “robust and performant technology platform with the capabilities to deliver a high level of flexibility.”
Corvil provides the analytics to monitor client transactions and experience and continuously improve to remain competitive. As the gold standard in machine-time analytics for financial institutions across the globe, Corvil delivers a real-time view and understanding of its customer needs and behaviors, enabling FlexTrade to assure performance across its diverse environment and deliver the flexibility and transparency required by its clients.
Corvil’s granular and actionable analysis, of all activity across the network, allows FlexTrade to proactively identify areas for optimization to achieve the best possible return on innovation investments. By also giving the ability to rapidly identify issues and investigate and resolve with precision, Corvil delivers the transparency to better respond to customer inquiries.
Corvil’s real-time barometer of client and infrastructure performance allows FlexTrade to finesse client execution and serves as a foundation for future customer and trade transaction business intelligence.
“Corvil is providing time savings and productivity improvements, as well as the analytics required to further enhance architectures for our customers,” added Pandya. “Requirements for tailored execution, a more transparent trading environment and choice of diverse liquidity pools are moving traders towards innovators like FlexTrade who offer flexible, high performance solutions,” said David Murray, Corvil Chief Marketing and Business Development Officer. “We are delighted to partner with FlexTrade to provide the insight and intelligence to help them deliver better outcomes and experience for their clients.”
Corvil is committed to continuous innovation to ensure businesses receive the intelligence to operate trade plants with full transparency, achieve superior execution outcomes, and deliver trusted data for regulatory compliance and risk management.
Electronification of the municipal bond market also presents a large opportunity.
The success of Northbound trading showed electronic execution is way forward for the bond market.
Algorithms have become more prevalent in the spot FX market.
Increased electronification has created useable and accessible real-time and historic trade data.
Buy-side firms can discover liquidity more efficiently and execute on Turquoise.