FlexTrade Hires Ex-Bloomberg Tradebook Vet for FX Business Development

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.


FlexTrade Hires Ex-Bloomberg Tradebook Vet for FX Business Development

May 22, 2020

FlexTradeFlexTrade - FX Business Systems has appointed Paul Beatty as Director of FX Business Development. The former Bloomberg Tradebook vet and industry veteran with over 25 years’ experience in FX will be based in FlexTrade’s New York office.

Beatty joins FlexTrade after a role as Managing Director at technology provider Spotex, and as a Director at TP ICAP. Prior to that, Paul has spent 17 years as a Global Managing Director Tradebook FX at Bloomberg, where he managed the global sales force and launched the first electronic anonymous FX trading platform inside the Bloomberg ecosystem. His extensive market knowledge, analytics, and technical abilities will likely prove to be fruitful for FlexTrade as he embarks on his new challenge as Director of FX Business Development.

Paul Beatty, Director of FX Business Development at FlexTrade, noted: “I am truly excited to join a global leader within the trading technology space”, said Beatty. Beatty added, “I am proud to be part of a successful global company and I am looking forward to work with the global FX team and contribute to FlexTrade’s continued developments, whilst delivering the outstanding service and innovative solutions that clients need in order to support their strategic goals.”

Manish Kedia, Managing Director at FlexTrade Singapore stated: “We are very pleased to welcome Paul Beatty as FlexTrade’s Director of FX Business Development in New York. With his solid background from the financial technology industry and 20 years of experience in the FX market, Paul will be a great added value to the global team. This demonstrates our strong commitment to invest in our team and trading solutions, and constantly expand and have local presence in different parts of the world.”

FlexTrade’s “MaxxTrader” solution was recently selected by FXCM for its institutional business. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.“MaxxTrader” is a White Label solution offering Desktop, Web and Mobile apps, along with distribution on the FIX API, covering an end-to-end workflow that includes Aggregation, Price creation, Distribution, Order Management, Margin Engine, Risk Management, and Auto-hedging strategies. Its out-of-the-box Algo suite features TWAP, VWAP and Basket trading, which can be used internally and offered directly to clients.

FlexTrade Systems has recently integrated the Bernstein Cube into the FlexTRADER EMS in order to provide traders with comprehensive portfolio construction, risk analysis, and pre-trade system right from the blotter. The multi-asset execution and order management systems company, The Bernstein Cube is considered an “ideal addition” because of its multi-day pre-trade model for single stock and portfolio level trades which incorporate overnight risk and forecast impact based on the selected execution strategy.

FlexTrade Systems also announced the integration of SmartStream RDU with the FlexTRADER EMS to allow mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) Registry information directly into the send order ticket, providing the much-needed clarity on counterparty SI status and is also prior to key 2018 MiFID II milestone dates. In 2018, the EMS company also integrated the Kensho event feed and the BestX trade analytics solution for FX.

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