FlexTrade Introduces AI Functionality to FlexTRADER EMS Platform

FlexTrade Systems (FlexTrade), a global leader in high-performance multi-asset sell-side technology, announced the addition of AI-driven functionality in its flagship multi-asset solution, FlexTRADER EMS. The new offering from FlexTrade is one of the first practical examples of the technology being used directly within an OEMS solution.

The new and innovative technology, named FlexA, is a voice-activated application developed by FlexTrade’s in-house data science team as part of its ongoing R&D function and commitment to delivering innovation to its customer base. The solution introduces an AI layer to FlexTRADER EMS, simplifying the interaction between the traders and their trading technology platform. Besides, it also enables traders to work with vast swathes of information outside the more traditional 2D grid visualization and input devices currently used in a more intuitive and straightforward manner.

Traders using FlexA-enabled FlexTRADER EMS can apply natural language to interrogate and control the solution in multiple ways through voice commands or a text-based chat interface. For example, customers can quickly and easily gain a deep understanding of their orders by asking verbal or written questions using specific criteria or characteristics from their blotter, such as "What is the value of my Swiss orders over 12% ADV?". additionally, traders can make ad-hoc requests for reports on historical trading with specific visualization formats like tables and charts, which can assist them in pre-trade decision-making. For instance, they would say, "Show me a chart of my traded venues for US orders in January." Furthermore, traders can automate actions to expedite workflow, such as "create a ticket for my US orders less than 500k using the VWAP AlgoWheel".

"The introduction of OpenAI and ChatGPT is a revolutionary moment in consumer technology, and the speed at which we’ve incorporated it across FlexTRADER EMS is a milestone achievement," said Vijay Kedia, CEO of FlexTrade. "It enables traders to use natural language to rapidly interact, interrogate and understand data in the manner which makes the most sense to them. The outcome is that it erodes the barriers created by traditional input devices such as keyboard and mouse, enabling trading teams to work quickly to understand and optimize their pre-trade decisions, which is paramount in a constantly changing environment."

"FlexTrade‘s R&D and innovation teams continuously and proactively evaluate the latest technologies, as they become available, to understand the practical applications to buy-and-sell-side trading desks," added Vikas Kedia, Managing Director of Strategic Initiatives & Emerging Solutions at FlexTrade. "From machine learning and our sophisticated real-time market impact analytics offering to, most recently, AI, we are working with our client base and business users to refine and explore further applications across global trading desks. It’s an approach that ensures our clients stay at the forefront of cutting-edge developments in trading technology."