Market data clients of NYSE Technologies will now have direct access to FlexEdge, its predictive analytics platform offering advanced forecasting capabilities for trading U.S. equities, from FlexTrade Systems.
NYSE Technologies is the commercial technology division of NYSE Euronext (NYX).
"Predictive analytics is a relatively new forecasting tool for the electronic trading space," says Vijay Kedia, president and CEO of FlexTrade.
He adds, "With this partnership, clients of NYSE Technologies can now gain access to intra-day volume forecasts for 3,000 equities and ETFs, thus giving them a possible edge in managing their trading executions."
FlexEdge supplies intraday volume forecasts for sell-side and buy-side institutions. These volume forecasts represent a substantial improvement over traditional volume estimation techniques and can help clients manage slippage costs, improve order sizing, and reduce VWAP tracking error.
"FlexTrade joins us at the forefront of innovation by supporting the new industry standard OpenMAMASM and placing our products on an open, multi-vendor market data platform," says W. Todd Watkins, Global Market Data, NYSE Technologies.
He adds, "Through this collaboration, we are able to provide customers with a market data solution that helps them formulate more effective trading techniques."
FlexEdge features include intraday bin volume, enhanced volume profile, and end-of-day volume forecasts. It forecasts for 3,000 U.S. equities and ETFs every minute and offers the ability to use forecasts algorithmically, visualize graphically, or display on the blotter.