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FlexTrade Connects With BFX Trading Platform

September 18, 2012 | By: Flex Advantage

Manama, Bahrain – 18 of September, 2012: The Bahrain Financial Exchange (BFX), the first international financial exchange in the Middle East and North Africa (MENA) region, announced today it has signed an agreement with FlexTrade Systems, Inc. to operate as an Independent Software Vendor (ISV) of the BFX.

Under this agreement, FlexTrade Systems is authorised to provide sophisticated trading front-end technology via its FlexTRADER EMSto the members of the BFX. FlexTRADER is a multi-asset trading solution with pre-defined strategies and tactics for both portfolio and single stock trading. The platform provides organically developed real-time and post-trade analytics (FlexTQM), predictive analytics (FlexEdge) as well as risk and cost optimised portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management, a dynamic strategy matrix.

Commenting on the occasion, Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC), said: “We are pleased to collaborate with FlexTrade Systems. Our aim is to expand our services through state-of-the-art trading platforms that match the Exchange’s integrated packages of trading solutions. Our association with FlexTrade Systems will take the BFX markets to the large number of global dealers trading on the international markets using the FlexTrade platform. We welcome FlexTrade Systems to join our well established seamless trading platform.”

“Electronic trading is gaining a solid foothold in the Middle East through the Bahrain Financial Exchange,” said Manish Kedia, Managing Director of FlexTrade Systems Pte. Ltd. in Singapore “We’re honoured to be a part of their expansion as an ISV, and are fully committed to providing the Exchange and its members with the latest in cutting-edge trading technology functionality.”

The BFX presently offers four additional connectivity systems, which include FFastFill, RTS Realtime Systems, Automated Trading Technologies and ODIN since the launch of its derivatives’ division in November 2011.

About Bahrain Financial Exchange (BFX)

The Bahrain Financial Exchange (BFX) is a pioneering international financial exchange based in the Kingdom of Bahrain and internationally accessible to trade cash, derivatives, structured products and Shariah-compliant financial instruments. The BFX has set up the BFX Clearing and Depository Corporation (BCDC) to clear and settle the financial instruments traded by the members of the BFX. The BFX and the BCDC are licensed and regulated by the Central Bank of Bahrain (CBB). The Exchange is a wholly owned initiative of Financial Technologies Group (FT Group), which currently owns one of the world’s largest networks of 10 exchanges connecting fast‐growing economies of Africa, Middle East, India and South East Asia. Bait Al Bursa is an Islamic finance division of the BFX, exclusively offering electronic exchange traded Islamic financial instruments. Bait Al Bursa signifies the ‘Home of Exchanges’, and represents the BFX’s vision of providing a single venue for all the exchange traded business in the Islamic finance sector. The BFX Training Institute (BFX-TI) is an internationally accredited training institute operating under the BFX providing world class conventional and Islamic financial training and development courses. The BFX is a member of the International Islamic Financial Market (IIFM) and the Bahrain Association of Banks (BAB).

About FlexTrade Systems, Inc.

FlexTrade Systems is a global leader in multi-asset execution and order management systems. With offices in New York, London, Paris, Singapore, Hong Kong, San Francisco & Mumbai, FlexTrade Systems has a worldwide client base spanning more than 175 buy-side and sell-side firms including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. Its association with the BFX will provide BFX members a sophisticated and integrated array of trading solutions globally.

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