FlexTrade Systems and BTON Financial have delivered a new integration which provides users of FlexTRADER EMS access to AI-driven broker selection suggestions to help improve best execution performance.
BTON Financial is a cloud-based, AI, and data-driven Software as a Service (SaaS) solution developed to aid buy-side trading desks with reducing costs while still increasing performance.
The firm claims to help buy-side firms execute trading strategies effectively, automating order routing to the most appropriate broker using the most appropriate algorithm.
The SaaS also enables traders to free up time to dedicate to more illiquid and esoteric instruments which require more maintenance and to liaise with their portfolio managers.
The new initiative between BTON Financial and FlexTrade Systems will allow customers to have access to BTON’s recommendation algorithm from within FlexTRADER, leveraging a collective data set utilising artificial intelligence to improve trading decisions.
Traders using the solution through FlexTRADER EMS will also be able to select orders in their blotter and send various parameters including size, instruments, desired algo and timeframe to BTON with a single click – providing feedback on the most favourable broker to achieve best execution.
“We think this is brilliant news for all concerned. It’s now completely seamless to just enable the BTON ‘Trader Co-Pilot’ within FlexTrade and engage best-execution,” Daniel Shepherd, chief executive of BTON Financial, told The TRADE.
“So, by combining BTON’s AI-driven execution capabilities with FlexTrade’s cutting-edge technology we provide a cost-efficient solution for a more sophisticated and accountable approach to order execution through the power of AI.”
This new development builds on existing automation capabilities within FlexTRADER EMS, and FlexAlgoWheel, enabling traders to incorporate BTON’s suggestions within their parameter-driven automation rules to simplify low-touch workflow further.
“We’re delighted to be working with BTON Financial on this new integration to broaden the sources of pre-trade intelligence our clients can access from FlexTRADER EMS,” said Dan Enstedt, vice president at FlexTrade Systems.
“BTON’s collaborative pre-trade data sets and AI-driven functionality make an exciting proposition for our clients to be able to leverage and, through tight integration, deliver actionable insights directly within their order blotter. Combined with our sophisticated FlexAlgoWheel solution, they can create innovative automation strategies to deliver a competitive edge.”