FlexTrade Systems and Kepler Cheuvreux (KCx), an independent broker, today announced Anima Alternative SGR is live and in production using KCx’s new suite of intra-day stock-specific dynamic forecasts and analytics via API. ANIMA is a leading Italian independent asset management operator, with around €186 billion of assets under management (as of November 2023).
KCx’s API Analytical Suite allows clients to pull data to leverage KCx’s quantitative models and execution observations that are used by KCx’s algorithmic trading engine. These include stock-specific forecasts and analytics, such as volume, volatility, and spread forecasts. The offering will also develop further to have pre-trade market impact models and e-cost via machine learning techniques.
Andy Mahoney, managing director, EMEA at FlexTrade, said: “Our existing clients, like Anima, increasingly want differentiated sources of dynamic, high-fidelity pre-trade analytics to combine with and enrich their trading data.”
“Offerings like KCx’s new analytical suite are a perfect match for FlexTRADER EMS. Our open, flexible design enables clients to bring in the full breadth of forecast data into the EMS and use the analytics in the way that makes the most sense to the individual trader’s needs. Combining the predictive analytics with FlexTrade’s sophisticated automation and alerting tools is a powerful combination to help traders implement their strategies and course correct if needed,” Mahoney added.
With this integration, Anima’s trading team using FlexTRADER EMS can directly stream forecast analytics into the order blotter and display only the columns that suit their specific trading strategies through a customisable and configurable interface. Additionally, with the analytics available within the FlexTRADER EMS order blotter, in combination with FlexAlgoWheel, sophisticated dynamic and arrival rules can be applied by traders using drag-and-drop functionality to automate low-touch orders.
Using KCx’s forecasts, Anima’s traders can create in-flight alerts to guide if an order is not likely to be filled. For example, an alert can be created to notify if a trader’s total order quantity required to be filled is more significant than KCx’s predicted Aggregated Remaining Volume so alternative sources of liquidity can be sought.
Brian Corcoran, head of trading at Anima Alternative, said: “We are delighted to be one of the first firms to adopt KCx’s new analytics suite via our EMS solution, FlexTRADER EMS. We aim to ensure that Anima’s trading team is at the forefront of adopting innovations that deliver the actionable intelligence our teams need to optimise trading decision-making. We are now live and in production with KCx’s forecasts via API, and we look forward to seeing the benefits the innovation can bring.”
Bobbie Port, head of electronic distribution at Kepler Cheuvreux, said: “We are delighted to roll out the latest phases of our API Analytical suite for client use. Making it available directly within the EMS via API opens a more significant prospect of opportunities for data sharing in the most flexible and agile way. The KCx API provides powerful, easily actionable insights to improve traders’ strategies. Integrating KCx Analytical Suite with FlexTRADER EMS assists clients in their search for trading intelligence while leveraging their existing workflows.”
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