FlexTrade Integrates Dataminr Global News Alert Feed into FlexTRADER EMS

Enhances Best Execution Capability for MiFID II Compliance

MiFID II implementation likely to be set back even further

FlexTrade (@FlexTrade) today announced the integration of Dataminr, one of the world’s leading businesses in AI and machine learning innovation, into the FlexTRADER EMS. The integration creates a global macro news alert feed within the FlexTRADER interface based on criteria pre-selected by the trader.

Steven Schwartz

“With MiFID II on the horizon, the requirement to take ‘all sufficient steps’ to achieve Best Execution has driven our clients to explore alternative sources of data,” said Andy Mahoney, Head of Sales at FlexTrade.

How It Works

Within the trader’s Dataminr account, customised watchlists can easily be created ensuring that only the most relevant and directly impactful breaking news is delivered. For example, within a financial markets search, traders can choose to select alerts based on sub-categories including foreign exchange and fixed income.

Watchlists may be created based on assorted criteria which can include company name, topics (finance, global awareness, general news etc.) and/or industry sectors (banking and finance, insurance, media etc.) to name a few.

Andy Mahoney

“We are excited to deliver Dataminr’s unique combination of content, speed, and coverage to the FlexTRADER EMS,” said Steven Schwartz, President of Commercial Markets at Dataminr. “Bringing together a best in class execution management system with the leading real-time breaking alert platform is an unbelievable way of ensuring clients receive what they need to know right when it’s most critical.”

“Dataminr alerts arrive in the standard FlexTRADER alerts framework based on the trending topic, industry sector and region, giving traders a full view on content which may impact their trades,” continued Mahoney.

From these watchlists, alerts are created which flow from Dataminr in real-time and are displayed in a column by the number received. Alerts can be used to trigger automated actions or trades alongside other characteristics of the order and real-time events coming from a variety of other news sources. Additionally, alerts written in a foreign language can be translated into English.

“Our collaboration with Dataminr is aligned with FlexTrade’s ongoing mission to integrate with market leaders to enhance the overall user experience for our clients globally, give them the edge over traditional market data, and ensure they achieve true Best Execution,” said Mahoney.

Read this next

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

<