FlexTrade Systems, the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives, has announced that it has opened a representative office in Sydney, Australia.
FlexTrade has been building its presence in the APAC region with senior sales hires.
With the proposed increases in superannuation contributions there will be an increase in assets under management (AUM) being handled by money managers and superfunds in Australia. It’s likely that hedge funds, asset managers and others will be increasingly active with their investments in order to improve their returns. There is a limit to the size of potential investments in the Australian market, so traders at these firms will also be looking to trade internationally. This is driving a growing requirement for a high performance execution management system (EMS) that enables traders to access liquidity both inside Australia and globally.
According to Dan Enstedt, vice president of business development for Australia and New Zealand:
Dan Enstedt
Investment managers in Australia increasingly need to look for alternative investment classes internationally, such as equities, futures, options, fixed income as well as taking active positions or covering their FX exposure risk. FlexTrade’s products can help these firms to solve their domestic and international cross-asset trading requirements all in one platform. We’ve established a permanent office in Sydney as we are confident that our current and future clients will benefit from FlexTrade having a local presence to offer sales, support and product development.”
Manish Kedia, managing director of FlexTrade Systems Pte Ltd., in Singapore, endorsed:
The opening of FlexTrade’s office in Sydney is a further step towards cementing deeper ties across the region. We listened carefully to the needs of local asset managers and data providers, as well as the investment banking community, and it was very clear that having a local presence was necessary. This represents another step in the implementation of our regional strategy and it is our intention to grow the team under the guidance of Dan Enstedt, who will lead local sales and support.”