Honored for 2nd Consecutive Year at FX Week’s Best Banks Awards Dinner
GREAT NECK, NY, November 14, 2007 – FlexTrade Systems, a global leader in multi-asset algorithmic execution management systems, today announced it has been named, for the second straight year, “Best Vendor for Algorithmic Trading” by the readers of FX Week.
The award was given as part of FX Week's 13th annual Best Banks Awards Dinner, which was held in London on November 13. Results of the awards were based on a survey of 4,861 FX market professionals in August and September 2007. Participants were asked to nominate their preferred banks, brokers and vendors in 39 categories ranging from spot, forwards and options, major and emerging markets currency pairs, regional centres, research and strategy, post-trade service, CLS services and technology. Other contenders for the crown in the “Best Vendor for Algorithmic Trading” category included Aegis, Orc, Deal Hub and Apama.
Earlier this year, FlexTrade’s FlexFX was honored for the second straight year by the editors and judges of FX Week’s e-FX Awards for being the best algorithmic trading solution for foreign exchange in terms of technology and the range of services provided to clients.
“It’s a pleasure and a privilege to receive this honor once again at the Best Banks Awards,” said Vijay Kedia, president and CEO of FlexTrade Systems, Inc. “In fact, what’s particularly gratifying about it is that it’s based on a large survey of our peers in the industry, which affirms that we’re on the right track when it comes to providing cutting edge algorithmic trading solutions.”
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms and rules-based order-management and execution systems for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. Clients include Bank of America, Bank of New York, Barclays Global Investors, HSBC Investment Bank, Jefferies & Company, Inc., Sanford C. Bernstein & Co., LLC, UBS Global Asset Management and Wachovia. For more information, visit FlexTrade Systems at www.flextrade.com.