Bloomberg ousted in favor of FlexTrade’s OMS by Chinese trading giant TFI

TFI, formerly running Bloomberg SSEOMS, was looking for an OMS provider whose primary capabilities revolve around reliability, stability, and powerful performance. The company has now moved to FlexTrade’s FlexOMS for its order management solution

Hong Kong

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, and TFI, a Chinese-based financial group which, amongst others, provides institutional brokerage services to trade in equities on the Hong Kong Stock Exchange, announces its migration to FlexOMS.

TFI, formerly running Bloomberg SSEOMS, was looking for an OMS provider whose primary capabilities revolve around reliability, stability, and powerful performance. After a comprehensive evaluation, FlexTrade was chosen to deliver a seamless integration of their award-winning, advanced sell-side trading solution FlexOMS.

As part of the FlexOMS migration, TFI International has added feature sets, and functionality such as DMA and DSA workflows. At the same time, TFI has gone live on FlexOMS’s new middle office system MOS, and the all new Hong Kong Exchange gateway providing direct access to the exchange.

Rajiv Kedia, Co-Founder, FlexTrade Systems noted: “We are thrilled to partner with TF International to expand our OMS offerings in APAC and are committed to provide the same level of excellent customer support and cutting-edge technology that we are known for globally. We look forward to working with TFI to help provide flexible and reliable technology solutions to address their expanding business requirements.”

River Ho, Executive Director at TFI stated: “As a result of SSEOMS decommissioning, and after having evaluated a few leading OMS systems, TFI selected FlexTrade because of its advanced functionalities, its flexibility and reliable trading technology. FlexTrade has proven to provide us with a very quick delivery of their trading solution and excellent service alongside. We look forward to FlexOMS providing us with an augmented efficiency and execution quality in our trading workflow.”

Mr Kedia continued: “While we are new to this market, we strongly feel that the solutions we offer, especially in Analytics, Global Program Trading and Enhanced Low-Touch Order Routing, can be beneficial to the entire Sell-Side community in Hong Kong. We thank River Ho and TFI for giving us this opportunity and look forward to a long and fruitful partnership.”

Read this next

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

<