Societe Generale’s Lyxor Asset Management Taps FlexNOW EMS

FlexTrade Systems, a specialist in multi-asset Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and order management systems, has made its EMS product, ‎known as FlexNOW, available to Lyxor Asset Management.

Lyxor is Societe Generale’s asset management unit, which offers exchange-traded funds for retail investors with a collective $150 billion in assets under management. The French lender is putting Lyxor on sale though it ranks as Europe’s third-largest exchange-traded funds (ETF) provider. But, the business took a hit last year amid challenging market conditions and the fallout from the coronavirus crisis.

The adoption of FlexTrade’s flagship product enables Lyxor’s traders to trade thousand of stocks and futures across scores of brokers and algos. They also benefit from even lower latency and stronger data sovereignty, as well as improving the competitiveness of their execution and connectivity.

“Integrating a new EMS in our complex workflow is never easy, but with FlexNOW we have replaced our old solutions and greatly improved the efficiency and operational safety of our workflows, especially when working with larger baskets,” said Samy Debbah, Head of dealing desk at Lyxor.

FlexNOW is a broker-neutral Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that provides a wide range of order ‎characteristics through a data-driven interface to address the needs of ‎hedge funds and mini-primes.‎ Additionally, FlexNOW offers access to leading market data providers, which ‎‎easily integrates with any order management system (OMS) via FIX and ‎‎API.

‎Furthermore, FlexNOW encompasses its own built-in Transaction Cost Analysis ‎‎(TCA) tool in a bid to optimize the ability to customize workspaces and order tickets. ‎Furthermore, it enables transparency and consistency in the best ‎execution process which has become a requirement under the Markets in ‎Financial Instruments Directive II (MiFID II). ‎

” Lyxor benefits from our strong support and quick response to new requests. Not only have we enjoyed adding new functionality to improve their efficiency, [but also] their expertise feeds back into the platform to the benefit of the whole FlexNOW community,” noted Adi Prnjavorac, Head of sales for FlexNOW at FlexTrade Systems.