FlexTrade Programs, a worldwide chief in multi-asset execution and order administration techniques, in the present day introduced that European execution platform chief, Amundi Intermédiation, has chosen FlexTRADER EMS to consolidate all asset courses traded onto a single, scalable, multi-asset EMS platform.
Amundi Intermédiation, the execution enterprise subsidiary of Amundi Asset Administration, moreover acts as an outsourced execution supplier for Asset Managers, Personal Banking, and Insurance coverage corporations, which globally executes roughly €5 trillion throughout all asset courses for round 60 purchasers.
Consolidation of entrance workplace know-how and automation initiatives are presently in sharp focus for international buy-side establishments to streamline and optimize execution workflows in equities and prolong the efficiencies to different asset courses, together with mounted revenue.
FlexTrade’s FlexTRADER EMS answer will likely be deployed as Amundi Intermédiation’s international, centralized EMS platform to ship cross-asset buying and selling capabilities to over 60 sellers inside its worldwide funding hubs throughout buying and selling desks in Paris, Dublin, Singapore and Tokyo. The transfer is designed to ship sellers a standard, strong set of instruments and processes to deal with cross-asset buying and selling and execution effectively.
Additional, by deploying FlexTRADER EMS, Amundi Intermédiation’s dealing groups will profit from subtle automation instruments to streamline order and workflow administration by FlexAlgowheel throughout all asset courses, enabling the agency to scale up its buying and selling volumes alongside enterprise development effectively.
With the transfer to deploy FlexTRADER EMS, Amundi Intermédiation will use FlexTrade’s distinctive fixed-income capabilities to deliver extra automation and electronification to their bond executing operations. Amundi Intermédiation will substitute current multi-platform processes by a single fixed-income EMS and ship an aggregated view of the market and bilateral connectivity to liquidity suppliers. Additional, utilizing FlexTrade’s Mounted Earnings Sensible Order Router (FISOR), its bond sellers can enrich their automation capabilities utilizing consolidated pre-trade knowledge to make sure finest execution.
The mission will likely be delivered in a number of phases, with equities and derivatives now stay and in manufacturing throughout Amundi Intermédiation’s international buying and selling desks. Mounted revenue will likely be deployed by the tip of the 12 months 2023.
Andy Mahoney, Managing Director, EMEA at FlexTrade, famous:
“We’re delighted to welcome Europe’s largest execution platform to FlexTrade. Proactively selecting to consolidate onto a single platform is a strategic imaginative and prescient to make sure Amundi Intermédiation’s execution operations have the core buying and selling know-how platform its companies have to ship the very best outcomes to its purchasers. Notably, Amundi Intermédiation will even leverage our fixed-income capabilities, additional validating the rising pattern out there to electronify bond buying and selling actions.”