Simcorp and Flextrade Team Up

Investment management technology provider SimCorp has teamed up with FlexTrade to deploy the latter’s multi-asset execution management system on its Dimension platform.

The firms say the partnership addresses increasing demand from trading teams for seamless integration and collaborative workflows between their OMS and EMS solutions and will help optimise trading activities and assist in meeting best execution obligations.

As part of the partnership, FlexTrade will join SimCorp’s Open Platform programme, which is designed to offer access to fintech solutions across the investment value chain. The firms will also work together to deliver connectivity between SimCorp’s OMS, Order Manager, and FlexTrade’s EMS, FlexTrader, providing numerous efficiencies, including a smoother onboarding process and a reduced time to market. Further, the firms say they will have aligned future roadmaps, including the ability to request new features from FlexTrade’s domain experts.

“Accessing liquidity is key for traders, not least in the recent volatile markets,” says Zoe Sheehan, vice president, investments at SimCorp. “By expanding our native interoperability with EMS providers to include FlexTrade, we formalise a long-running collaboration to provide a tested and maintained integration. This offers SimCorp clients another great tool to complement their SimCorp platform. Giving our clients the freedom to choose the best EMS for their needs speaks to the openness and strength of our ecosystem.”

Anders Kirkeby, head of open innovation, SimCorp, adds, “By integrating SimCorp’s portfolio and order management solutions with a small set of carefully selected leading trade execution management systems, our clients get robust and scalable order execution and automation capabilities to enable traders to deliver great execution even on the busiest trading days.”