Occupational pension company Alecta has adopted FlexTrade Systems’ FlexTRADER EMS for equities and derivatives trading.
Dan Enstedt
Stockholm-based Alecta – with $110 billion in assets under management – stated that it decided to replace its existing EMS solution to support the efficient growth of its equities and derivatives trading activities.
Alecta added that its requirements for the new solution included the ability to trade cross-asset, offer innovative new functionality, and connect to Alecta’s existing order management tool, Order Manager.
“We’re seeing increased activity in the Nordic region, with Alecta being the latest client to be live using FlexTRADER. OEMS connectivity is driving discussions – unless considered and architected correctly, it can create inconsistencies, from matching security identifiers to the broader data collection between solutions,” Dan Enstedt, VP, business development, EMEA at FlexTrade Systems, told The TRADE.
FlexTrade’s partnerships with OMS providers like BlackRock Aladdin and SimCorp can make projects exponentially smoother and offer a collaborative approach that delivers value to the client.”
Read more: JonesTrading deploys FlexTrade Systems’ FlexOMS to power its sell-side trading desks
Following the implementation of FlexTRADER EMS, Alecta’s trading team will have access to an equities and derivatives trading platform that will handle the execution of both asset classes from a single order blotter. Alecta has also deployed functionality created by FlexTrade’s client services team.
Elsewhere, FlexTRADER EMS has enabled Alecta to integrate sources of pre-trade data, such as Kepler Cheuvreux’s KCx’s API Analytics suite, directly into the FlexTrade order blotter to bolster trading decision-making.
“We’re delighted to have deployed FlexTRADER EMS as our new execution management system for our trading desk. Our requirements were two-fold. We wanted to deploy a sophisticated solution that could help us optimise pre-trade decision-making and efficiently meet our best-execution obligations on the desk,” said Göran Wall, trader at Alecta.
“We also wanted to work with a vendor who could collaborate with and seamlessly integrate their solution into our existing OMS provider, SimCorp. We have achieved this, on both criteria, with our decision to select FlexTRADER EMS.”