Cürex Group Integrates with FlexTrade
Posted by Colin Lambert. Last updated: May 13, 2022
Cürex Group’s Cipher FX analytics platform has been integrated on FlexTrade’s execution management system FlexTraderEMS. The firms say they expect to complete their integration work and go live by the end of the second quarter.
Cipher provides pre‐ and post‐trade analytics, as well as real‐time analytics that are available to customers who execute their FX algo trades in Cürex’s liquidity pool. The solution’s pre‐trade suite includes a trade cost estimator, risk transfer price comparison and streaming volatility analysis, among other features.
Post‐trade TCA allows customers to measure relative bank algo performance based on Cürex’s independently derived benchmarks, risk transfer comparison, slippage and performance against the market’s existing conditions at the inception of the client’s trading decision. Cipher’s ability to link post‐trade outcomes with pre‐trade conditions is fundamental to improving FX trading performance, the firm adds.
“We are excited to team up with FlexTrade to expand our distribution and give their clients access to our proprietary Cipher FX analytics platform,” says James Singleton, chairman and CEO of Cürex. “We built Cipher in response to our clients’ demand for real‐time, actionable pre‐ and post‐trade analytical tools. Cipher’s analytics suite is an indispensable tool for institutions seeking to understand and improve their FX trading outcomes.”
Paul Beatty, director of FX business development at FlexTrade, adds, “Our goal is to give every trader interoperability, enabling them more with less effort with a single point of access. By integrating Cürex analytics into FlexTrade FX EMS, our clients are given the choice to get real time insights and act upon them without having to leave their trading platform.”