FlexTrade Selected by Amundi Intermédiation
Posted by Colin Lambert. Last updated: July 31, 2023
The execution services arm of asset manager Amundi is deploying FlexTrader EMS to consolidate its activities across asset classes onto one platform, the platform will be used by 60 dealers at Amundi Intermédiation on desks in Paris, Dublin, Singapore and Tokyo.
The outsourced execution services provider says it will replace existing multi-platform processes through a single EMS and deliver an aggregated view of the market and bilateral connectivity to liquidity providers.
The project will be delivered in multiple phases, with equities and derivatives now live and in production across Amundi Intermédiation’s global trading desks and fixed income to follow by the end of the year 2023.
“Proactively choosing to consolidate onto a single platform is a strategic vision to ensure Amundi Intermédiation’s execution operations have the core trading technology platform its businesses need to deliver the best outcomes to its clients,” says Andy Mahoney, managing director EMEA at FlexTrade. “Notably, Amundi Intermédiation will also leverage our fixed-income capabilities, further validating the growing trend in the market to electronify bond trading activities.”