Electronic Trading

Wedbush Morgan Securities to Implement FTEN's "RiskXposure" Risk Management Service; Stuart Frankel & Co. has adopted FlexTrade's "FlexTRADER" Trading and Order Management System; Economist Named Chairman of COESfx Advisory Board

Stuart Frankel & Co. has adopted FlexTrade's "FlexTRADER" Trading and Order Management System

Boutique execution firm Stuart Frankel & Co. has adopted FlexTrade System's FlexTRADER, as well as the system's "new, dynamically configurable smart router for programs and block executions," states the press release. FlexTRADER is described as an equity trading and order management system that is customizable and provides many attributes, such as programming market values, into the system. Many institutions, both on the buy side and the sell side, use FlexTRADER.

Dr. Max Palmer, Stuart Frankel & Co. head of electronic trading, states in the release that "FlexTRADER gives us the flexibility to incorporate market conditions into our smart order routing and execution algorithms," which lets employees focus on prices, and thus increases productivity. Palmer further states that the freedom afforded by the system greatly aids traders in the ability to "act swiftly and with ease in mercurial market conditions."

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