Margin FX Brokerage Arm of PhillipCapital Group Deploys
MaxxTrader, A Complete Turnkey ASP Front-End, For Trading NDFs, Spot
Currencies & Precious Metals
GREAT NECK, N.Y.--(BUSINESS WIRE)--
FlexTrade Systems, Inc., a global leader in multi-asset execution and
order management systems, today announced Phillip Futures, a member of
PhillipCapital Group , has deployed MaxxTrader,
its full STP, white label FX trading system to process client NDFs, spot
currencies and precious metals.
“FlexTrade’s multi-bank streaming capabilities add value to our business
in Non Deliverable Forwards (NDF), spot currencies and precious metals,”
said Joseph Ng, Business Development Director, FOREX/Bullion at Phillip
Futures. “Since we are enjoying an interest in demand from clients to
trade NDFs, this capability not only provides them with easy execution
of trades, but also gives them more competitive prices when they trade
According to Manish Kedia, Managing Director of FlexTrade Systems Pte.
Ltd. in Singapore, it was MaxxTrader’s flexibility that Phillip Futures
found appealing. “Handling spot currencies, NDFs and precious metals was
a primary facet in their decision, but it wasn’t the only one,” said
Kedia. “MaxxTrader also allows them to use two separate aggregators –
one in London, the other in Tokyo – to service all the locations of
their global business.”
MaxxTrader is a complete turnkey, ASP front-end solution allowing orders
to trade directly from client to client, directly with the trading desk,
or back-to-back with all liquidity providers. Designed to allow
institutions to privately aggregate and issue price information to the
markets and clientele, the platform offers real-time prime broker
reporting, an integrated OMS to better manage orders, and aggregated
liquidity from more than 50 banks, ECNS and exchanges.
About Phillip Futures
Phillip Futures was inaugurated in 1983 as a member of PhillipCapital
Group and is one of the founding clearing members of Singapore Exchange
Derivatives Trading (SGX-DT). Phillip Futures holds the CMS licence
issued by Monetary Authority of Singapore (MAS). With more than 20 years
of experience specialising in global derivatives, the brokerage has
grown to become one of the region’s top local brokerages and are
constantly ranked among the top most active SGX-DT members. It is a
gateway into more than 17 global exchanges with enhanced direct-hub
access, offering a large selection of trading products from futures,
precious metals, options, currencies and commodities to meet clients’
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in
broker-neutral algorithmic trading platforms for equities, foreign
exchange and listed derivatives. With offices in North America, Europe
and Asia, FlexTrade has a worldwide client base spanning more than 175
buy- and sell-side firms, including many of the largest investment
banks, hedge funds, asset managers, commodity trading advisors and
institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com
or follow news of the company on Twitter at www.twitter.com/flextrade
or LinkedIn at http://www.linkedin.com/company/flextrade?trk=top_nav_home.
FlexTrade Systems, Inc.
James Tolve, 516-304-3601
Source: FlexTrade Systems, Inc.