Evaluation of FlexTrade as an algorithmic trading platform; 03 Securities

Abstract

03 Securities is in the process of setting up algorithmic trading operations. The firm aims to find a suitable technology partner to purchase an algorithmic trading friendly trading platform. To this end it has shortlisted two vendors namely, Omnesys and FlexTrade. While Omnesys has been in use for manual trading at 03 Securities from its inception, FlexTrade was a relatively new platform for the firm. My project was to conduct a thorough evaluation of FlexTrade from an algorithmic trading perspective. Please find my evaluation of FlexTrade in Appendix 1. I chose to evaluate FlexTrade by automating a trading strategy(cash and carry) that was in use at 03 Securities. Please find an overview oftIiis strategy in the project description. Towards the end of my internship, I presented a few options for building Algorithmic Trading Systems at 03 Capital. Please find these in A1Jpendix' 2'; I also trained one of my colleagues in working with FlexTrade. I have also been involved in the recruitment process, where in I assisted my' " project guide in assessing potential recruits to the team by conducting technology interviews.