Systematic Hedge Fund Dark Forest Goes Live on FlexONE

FlexTrade Systems​ (FlexTrade), a global leader in multi-asset execution and order management systems, announced that Dark Forest Technologies (Dark Forest), a systematic hedge fund, is now live on the firm's OEMS platform – FlexONE.

Dark Forest will utilize FlexONE's scalable, high-performance capabilities to seamlessly consolidate all quantitative and systematic trading capabilities onto one platform and leverage FlexTrade's related suite of fully integrated real-time trading API's to automate the intake and throughput of orders in their pursuit of alpha-driven best execution strategies.

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Michael DeAddio, Chief Operating Officer at Dark Forest Technologies, said, "FlexONE simplifies the coding and back-end efforts needed to support our high volume, international, multi prime broker business. We can now engage new trading and prime broker relationships without onboarding and allocation concerns. We can leave the order marking and settlement allocation engine to them, accelerating our ability to scale while maintaining a lean staff that is hyper-focused on investing capital."

Aaron Levine, Vice President, OEMS solutions at FlexTrade, said, "It has been a pleasure to partner with Dark Forest to onboard our order and execution management system for their successful fund launch. Both firms share a technology-first driven mission to systematic and quant trading, and it has been our goal to extend that mindset to all parts of operations and compliance. Ultimately this lets clients like Dark Forest focus their efforts on alpha-generating projects while FlexTrade manages the entire order life cycle."