PEAK6 Investments deploys FlexPTS
First Published Wednesday, 23rd September 2009 from Automated Trader : EMS News
PEAK6 Investments to deploy FlexTrade’s intra-day portfolio optimization solution
Vijay Kedia, president and CEO, FlexTrade:
"Being flexible enough to tailor the functionality of our trading solutions has always been one of the company's strengths."
FlexTrade Systems, Inc., the provider of multi-asset algorithmic execution management systems, has announced that PEAK6 Investments, L.P. has deployed a modified version of FlexPTS to handle accelerated, intra-day long/short portfolio rebalancing and optimization.
"Being flexible enough to tailor the functionality of our trading solutions has always been one of the company's strengths, "said Vijay Kedia, president and CEO of FlexTrade. "With PEAK6, the focus was on ultra-fast hedging and rebalancing instead of the portfolio trade scheduling for which FlexPTS is typically used. As such, we enhanced the optimization functionality to address the specific requirements of PEAK6."
"We were looking for an offering that could be both flexible enough and resilient enough to handle the nature of our dynamic flows," said Eric Moore of PEAK6. "Because of the specifications of the optimization process that we envisioned, we were concerned that outside vendors would not be able to implement the software effectively enough to be productive in our environment. We are quite happy with the results regarding FlexTrade's optimizer component."