Date: January 19, 2004
Publication: LinuxWorld

Rosenblatt Securities Using FlexTRADER on Linux

FlexTrade Systems has announced that New York-based Rosenblatt Securities went live on FlexTRADER. A quantitatively enriched equity trading and order management system, FlexTRADER has a global client base of institutional users on the buy side and sell side, including hedge funds, investment managers, and broker-dealers. Rosenblatt Securities is using FlexTRADER on Linux.

"FlexTRADER over Linux is an ideal fit for Rosenblatt Securities, a firm that doesn't look to maintain a large in-house IT department and specializes in serving quantitative and other institutional clients who closely analyze and measure execution costs," said FlexTrade Systems president Vijay Kedia.

Rosenblatt Securities is an agency-only broker that trades listed and OTC securities and portfolios on behalf of its money manager and broker-dealer clients. "As the markets evolve and continue to demand more complex trading strategies and time-slicing algorithms, FlexTRADER will help us provide even better service to our transaction cost-sensitive institutional clients," said Rosenblatt Securities president and CEO, Richard Rosenblatt. "In the short period of time FlexTRADER has been live, we have identified several potential applications to improve performance relative to our benchmarks."

FlexTRADER is a fully customizable system, with predefined trading strategies and tactics for lists as well as single stocks. The ability to easily write and revise customized analytics and quantitative trading strategies within the system makes FlexTRADER a preferred choice among those engaged in agency trading, index arbitrage; and other proprietary and standard strategies such as VWAP, transition trading, pairs, and long/short trading.

FlexTRADER's open architecture is configurable for multiple traders over a network, and runs on Sun Solaris, Linux, and Windows NT operating systems.

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