LONDON (September 7, 2023) – ISS LiquidMetrix, an independent provider of Transaction Cost Analysis (TCA) and a unit of Institutional Shareholder Services (ISS), today announced an extension of its integration with FlexTrade, a leading Order and Execution Management System provider (OEMS), to make available LiquidMetrix’s new Pre-Trade Planner service within FlexTrade’s multi-asset trading solutions.
The LiquidMetrix Pre-Trade Planner is a new comprehensive cost estimation service, available via API, that provides users access to global Equity and ETF pre-trade cost estimates for executing individual orders and baskets. The service is powered by an advanced database of historical order book and trade data, granular statistical measures, and a peer universe of anonymized trading data.
With this integration, FlexTrade clients who use LiquidMetrix’s solutions can leverage a new pre-built connection to the Pre-Trade Planner, with the analysis delivered back to them in their FlexTrade OEMS, which can then be utilized for automation through FlexAlgoWheel.
“We are extremely pleased to partner with FlexTrade in furtherance of delivering to their clients our industry-leading Pre-Trade Planner Services,” said Mark Ford, Managing Director and Head of LiquidMetrix. “FlexTrade clients seeking to expand their relationship with LiquidMetrix will have the option of running a free, proof-of-concept of our core post-trade TCA service.”
Using LiquidMetrix’s new API, FlexTrade’s clients can seamlessly provide their trading data to LiquidMetrix, allowing post-trade TCA clients to manage their entire best-execution process within the LiquidMetrix user interface (UI). This includes Broker & Algo Scorecards, white-labeled bespoke TCA reporting, and BestEx Outlier Commentary with full audit history.
“We are excited to expand our relationship with LiquidMetrix to offer their new Pre-Trade Planner Service,” noted Andy Mahoney, Managing Director of FlexTrade’s EMEA business. “The need for comprehensive pre-and post-trade data is in sharp focus for all our clients, not only for use in equities but increasingly across multiple asset classes. Our unique open architecture approach ensures our clients retain flexibility regarding their choice of analytics provider that best suits their requirements.”
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About LiquidMetrix
The ISS LiquidMetrix platform is a proven core infrastructure that delivers a range of services to buy side, sell side, and venue operators. It’s designed to meet the regulatory, monitoring and performance reporting requirements needed today, performing millions of calculations each day and servicing clients globally to reduce trading costs, satisfy regulatory requirements, and provide external reporting.
About ISS
Founded in 1985, Institutional Shareholder Services group of companies (ISS) empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. ISS, which is majority owned by Deutsche Börse Group, along with Genstar Capital and ISS management, is a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, globally. ISS operates on an arm’s-length basis and Deutsche Börse has adopted Principles protecting the independence and integrity of ISS’ research offerings. ISS’ approximately 3,000 employees operate worldwide across more than 25 global locations in 15 countries. Its more than 4,000 clients include many of the world’s leading institutional investors who rely on ISS’ objective and impartial ESG and governance research, market intelligence and fund services and data and analytics, as well as public companies focused on ESG and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS’ expertise to help them make informed investment decisions.
Media Contact:
Corey Whipple
Communications Analyst
press@issgovernance.com
ISS LiquidMetrix Expands Relationship with FlexTrade to Deliver Pre-Trade Planner Service
LONDON (September 7, 2023) – ISS LiquidMetrix, an independent provider of Transaction Cost Analysis (TCA) and a unit of Institutional Shareholder Services (ISS), today announced an extension of its integration with FlexTrade, a leading Order and Execution Management System provider (OEMS), to make available LiquidMetrix’s new Pre-Trade Planner service within FlexTrade’s multi-asset trading solutions.
The LiquidMetrix Pre-Trade Planner is a new comprehensive cost estimation service, available via API, that provides users access to global Equity and ETF pre-trade cost estimates for executing individual orders and baskets. The service is powered by an advanced database of historical order book and trade data, granular statistical measures, and a peer universe of anonymized trading data.
With this integration, FlexTrade clients who use LiquidMetrix’s solutions can leverage a new pre-built connection to the Pre-Trade Planner, with the analysis delivered back to them in their FlexTrade OEMS, which can then be utilized for automation through FlexAlgoWheel.
“We are extremely pleased to partner with FlexTrade in furtherance of delivering to their clients our industry-leading Pre-Trade Planner Services,” said Mark Ford, Managing Director and Head of LiquidMetrix. “FlexTrade clients seeking to expand their relationship with LiquidMetrix will have the option of running a free, proof-of-concept of our core post-trade TCA service.”
Using LiquidMetrix’s new API, FlexTrade’s clients can seamlessly provide their trading data to LiquidMetrix, allowing post-trade TCA clients to manage their entire best-execution process within the LiquidMetrix user interface (UI). This includes Broker & Algo Scorecards, white-labeled bespoke TCA reporting, and BestEx Outlier Commentary with full audit history.
“We are excited to expand our relationship with LiquidMetrix to offer their new Pre-Trade Planner Service,” noted Andy Mahoney, Managing Director of FlexTrade’s EMEA business. “The need for comprehensive pre-and post-trade data is in sharp focus for all our clients, not only for use in equities but increasingly across multiple asset classes. Our unique open architecture approach ensures our clients retain flexibility regarding their choice of analytics provider that best suits their requirements.”
###
About LiquidMetrix
The ISS LiquidMetrix platform is a proven core infrastructure that delivers a range of services to buy side, sell side, and venue operators. It’s designed to meet the regulatory, monitoring and performance reporting requirements needed today, performing millions of calculations each day and servicing clients globally to reduce trading costs, satisfy regulatory requirements, and provide external reporting.
About ISS
Founded in 1985, Institutional Shareholder Services group of companies (ISS) empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. ISS, which is majority owned by Deutsche Börse Group, along with Genstar Capital and ISS management, is a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, globally. ISS operates on an arm’s-length basis and Deutsche Börse has adopted Principles protecting the independence and integrity of ISS’ research offerings. ISS’ approximately 3,000 employees operate worldwide across more than 25 global locations in 15 countries. Its more than 4,000 clients include many of the world’s leading institutional investors who rely on ISS’ objective and impartial ESG and governance research, market intelligence and fund services and data and analytics, as well as public companies focused on ESG and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS’ expertise to help them make informed investment decisions.
Media Contact:
Corey Whipple
Communications Analyst
press@issgovernance.com
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