One institutional trader of forex and precious metals just chose a single provider for its trading needs.
Phillip Futures, a member of PhillipCapital Group , has deployed FlexTrade’s MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies and precious metals.
“FlexTrade’s multi-bank streaming capabilities add value to our business in Non Deliverable Forwards (NDF), spot currencies and precious metals,” said Joseph Ng, business development director, FOREX/Bullion at Phillip Futures. “Since we are enjoying an interest in demand from clients to trade NDFs, this capability not only provides them with easy execution of trades, but also gives them more competitive prices when they trade with us.”
MaxxTrader is a complete turnkey, ASP front-end solution allowing orders to trade directly from client to client, directly with the trading desk, or back-to-back with all liquidity providers. Designed to allow institutions to privately aggregate and issue price information to the markets and clientele, the platform offers real-time prime broker reporting, an integrated OMS to better manage orders, and aggregated liquidity from more than 50 banks, ECNS and exchanges.
Phillip Futures is one of the founding clearing members of Singapore Exchange Derivatives Trading. With more than 20 years of experience specializing in global derivatives, is a gateway into more than 17 global exchanges with enhanced direct-hub access, offering a large selection of trading products from futures, precious metals, options, currencies and commodities to meet clients’ investment needs.
Founded in 1996, FlexTrade Systems Inc. is a provider of broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives.
