FlexTrade incorporates artificial intelligence into FlexTRADER EMS
Broker-neutral technology firm FlexTrade Systems has introduced an artificial intelligence-driven (AI) functionality in its flagship solution, FlexTRADER EMS. This innovative feature serves as an interface layer and aims to transform the way trading teams engage with their data and trading technology solutions.
By leveraging AI, FlexTRADER EMS enhances the trading experience by providing intelligent insights and streamlining interactions with the system, ultimately improving decision-making and optimizing trading strategies.
Dubbed ‘FlexA,’ the voice-activated application incorporates an AI layer to streamline the interaction between traders and their trading technology platform. This goes beyond the traditional 2D grid visualizations and input devices commonly used in trading platforms.
The milestone comes amid a growing interest in the application of natural language processing (NLP) and large language model (LLM) systems, such as ChatGPT developed by OpenAI.
This development marks one of the initial real-world use cases where NLP technology is directly utilized within an OEMS (Order and Execution Management System).
Vijay Kedia, CEO, FlexTrade Systems Inc., stated: “The introduction of OpenAI and ChatGPT is a revolutionary moment in consumer technology, and the speed at which we’ve incorporated it across FlexTRADER EMS is a milestone achievement. It enables traders to use natural language to rapidly interact, interrogate and understand data in the manner which makes the most sense to them. The outcome is that it erodes the barriers created by traditional input devices such as keyboard and mouse, enabling trading teams to work quickly to understand and optimize their pre-trade decisions, which is paramount in a constantly changing environment.”
The integration of FlexA into FlexTRADER EMS brings powerful natural language processing capabilities to traders, enabling them to interact with the platform in more dynamic and efficient ways. Traders can use voice commands or text-based chat interfaces to ask specific questions about their orders, allowing them to quickly gain situational awareness and make informed decisions. They can apply various criteria or characteristics to filter and analyze their orders, such as querying the value of Swiss orders over 10% ADV.
FlexA also enables traders to request ad-hoc reports with specific visualization formats, such as tables and charts, to aid in pre-trade decision-making. For example, they can ask for a chart showing the traded venues for their US orders in February, allowing for a visual analysis of trading patterns and trends.
