Amundi Intermédiation, the European execution platform, is set to deploy FlexTRADER EMS, an advanced asset management system provided by FlexTrade Systems. This step is expected to enhance automation capabilities across a range of asset classes, including equities, derivatives, and fixed income.
Amundi Streamlines Asset Management with FlexTRADER EMS
Amundi Intermédiation is a subsidiary of Amundi Asset Management that operates as an outsourced execution provider for various asset managers and private banks. Annually, the firm manages approximately €5 trillion across all asset classes for around 60 clients. The deployment of FlexTRADER EMS will unify all the traded asset classes onto a single platform.
Amundi Intermédiation's move towards FlexTRADER EMS will also provide an optimized execution workflow across multiple asset classes. The system will be utilized across the company's international investment hubs in Paris, Dublin, Singapore, and Tokyo.
In addition, FlexTrade's solution will offer Amundi Intermédiation's dealing teams tools to streamline order and workflow management. This will be done through FlexAlgowheel, a next-generation platform to help institutional traders standardize, automate, and evaluate the trading process.
"We are delighted to welcome Europe's largest execution platform to FlexTrade," Andy Mahoney, the Managing Director of EMEA at FlexTrade, commented. "Proactively choosing to consolidate onto a single platform is a strategic vision to ensure Amundi Intermédiation's execution operations have the core trading technology platform its businesses need to deliver the best outcomes to its clients."
Boosting Automation in Bond Trading
An added advantage of Amundi Intermédiation's shift to FlexTRADER EMS is the ability to leverage FlexTrade's fixed-income capabilities. This will enhance the automation and electronification of their bond execution operations.
By employing FlexTrade's Fixed Income Smart Order Router (FISOR), Amundi's bond dealers can boost current automation capabilities using consolidated pre-trade data. The new system will be rolled out in phases, with equities and derivatives already live across Amundi Intermédiation's global trading desks. Fixed income is expected to be deployed by the end of 2023.
"Notably, Amundi Intermédiation will also leverage our fixed-income capabilities, further validating the growing trend in the market to electronify bond trading activities," Mahoney concluded.
Another Integration with FlexTrade’s EMS
In recent months, FlexTrade reported at least a few new collaborations established in the financial markets. A few weeks ago, Sydney-headquartered TRAction, a trade reporting solutions provider, enhanced its service by integrating its reporting platform with FlexTrade Systems’ Spark, a cloud-native EMS solution previously known as FlexNOW.
Back in March, SimCorp, a provider of investment management solutions, also announced a partnership with FlexTrade to extend its Order Management System (OMS) capabilities.
