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Great Neck, New York, May 6, 2008 -- FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, today announced that its FlexTRADER EMS smart router is now providing full connectivity to Chi-X Canada, a high-performance, fully-anonymous and low-cost alternative trading system (ATS) offering a continuous auction market in securities listed on the Toronto Stock Exchange.
“The recent launch of Chi-X Canada opens up a new venue for our clients trading equities in the Canadian market,” said Vijay Kedia, President and CEO of FlexTrade. “Combined with the cutting-edge smart router technology inherent in FlexTRADER, they will now be able to access a broader suite of equity exchanges in Canada with complete anonymity, increased transaction speed, greater liquidity and lower transaction costs.”
“From Day One we have focused on working with the vendor community to make the process of trading on Chi-X Canada as easy and seamless as possible,” said Tal Cohen, head of Chi-X Canada. “We’re excited to announce today’s connectivity arrangement with FlexTrade, as it provides market participants with more choice in how they route orders to and receive pricing information from Chi-X Canada.”
FlexTRADER is a fully customizable, quantitatively enriched equity trading and execution management system with a global client base, including institutional users on the buy-side and sell-side, hedge funds, and investment managers. It can execute pre-defined trading strategies and tactics for lists as well as single stocks, and offers those engaged in agency trading, index arbitrage and other proprietary and standard strategies the ability to trade large blocks of equities anonymously while minimizing market impact. In addition to Chi-X Canada, FlexTRADER connects to NYSE MatchPoint, BIDS Trading, more than 100 broker dealers, as well as all leading ECNs (including Pure Trading) and primary exchanges.
