TL;DR:
- FlexTrade Systems introduces AI functionality in its flagship solution, FlexTRADER EMS.
- The AI-driven application, FlexA, revolutionizes how traders interact with their data and trading technology platforms.
- FlexA enables voice-activated commands and text-based chat interface for natural language interactions.
- Traders can use natural language to query and control the solution, gaining situational awareness of their orders.
- Ad-hoc reports and visualizations can be generated to aid in pre-trade decision-making.
- Traders can automate actions to streamline workflow, such as creating tickets or merging trade elements.
- The integration of AI breaks traditional input device barriers, allowing traders to work efficiently and optimize pre-trade decisions.
- FlexTrade’s R&D and innovation teams continuously explore cutting-edge technologies for practical applications in trading.
- The AI functionality represents a significant milestone in the evolution of trading technology.
Main AI News:
FlexTrade Systems, a prominent global leader in multi-asset execution and order management systems, has unveiled an unprecedented leap forward with the integration of artificial intelligence (AI) capabilities into its flagship solution, FlexTRADER EMS. This groundbreaking development signifies a pivotal moment in the industry as it showcases one of the earliest practical implementations of AI technology within an OEMS solution.
Dubbed FlexA, the remarkable innovation represents a voice-activated application meticulously crafted by FlexTrade’s in-house data science team. Stemming from their unwavering commitment to research and development, FlexA redefines how trading teams engage with their data and trading technology platforms. By incorporating an AI layer across FlexTRADER EMS, it empowers traders to effortlessly navigate vast amounts of information beyond the confines of conventional 2D grid visualizations and input devices.
With FlexA enabled, traders utilizing FlexTRADER EMS can now harness the power of natural language processing to interact with the solution through voice commands or a text-based chat interface. The possibilities are endless as clients can intuitively pose verbal or written queries, enabling them to swiftly gain deep situational awareness of their orders based on specific criteria or characteristics. For instance, they can effortlessly inquire about the value of their Swiss orders exceeding 10% ADV.
Additionally, traders can request on-demand reports, presented in various visual formats such as tables and charts, to enhance their pre-trade decision-making process. Imagine effortlessly requesting a chart showcasing traded venues for US orders in February. Moreover, traders can streamline their workflow by automating actions, from generating tickets for specific order sizes using the VWAP AlgoWheel to merging different trade elements seamlessly.
Vijay Kedia, the esteemed CEO of FlexTrade Systems Inc., emphasized the significance of this milestone achievement, stating, “The integration of OpenAI and ChatGPT into FlexTRADER EMS marks a revolution in consumer technology. Our swift adoption of these technologies empowers traders to engage with data in a manner that feels most natural to them, breaking free from the constraints of traditional input devices like keyboards and mice. This fosters an environment where trading teams can rapidly comprehend and optimize their pre-trade decisions, which is paramount in an ever-evolving landscape.”
Vikas Kedia, the Managing Director of Strategic Initiatives & Emerging Solutions at FlexTrade, highlighted the company’s relentless pursuit of innovation, stating, “FlexTrade’s research and development teams consistently evaluate the latest technologies to uncover their practical applications for both buy-side and sell-side trading desks. From machine learning and real-time market impact analytics to the most recent advancements in AI, we collaborate closely with our clients and business users to refine and explore new applications across global trading desks. This approach ensures that our clients remain at the forefront of cutting-edge developments in trading technology.”
Conlcusion:
The integration of AI functionality within FlexTrade’s FlexTRADER EMS represents a significant leap forward in the trading market. This innovation enables traders to interact with their data and trading technology platforms in a more intuitive and efficient manner, leveraging the power of natural language processing and automation.
By breaking down traditional input device barriers and providing advanced capabilities for data analysis and decision-making, this development has the potential to revolutionize the way trading teams operate. It empowers traders to gain deeper situational awareness, optimize pre-trade decisions, and stay at the forefront of cutting-edge developments in trading technology. The incorporation of AI in the market opens up new possibilities for enhanced efficiency, improved decision-making, and a more streamlined trading workflow.
