Bernstein Cube

FlexTRADER EMS Integrates Bernstein Cube for Risk Analysis

FlexTrade FlexTrade Systems has integrated the Bernstein Cube into the FlexTRADER EMS in order to provide traders with a comprehensive portfolio construction, risk analysis, and pre-trade system right from the blotter.

The multi-asset execution and order management systems company, FlexTrade, announced the Bernstein Cube is an “ideal addition” to its EMS 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.

By staying aware of all market opening times, trading holidays and major liquidity events, Bernstein Cube allows optimal trade schedules and the calculation of forecast cash flows. Cube leverages Bloomberg terminal market data to create unique, customized risk models with the latest pricing data. In addition, trades can be calculated to transition from the portfolio to an optimal basket or fully replicating benchmark.

Andy Mahoney, Head of Sales at FlexTrade UK, commented:

“The Bernstein Cube is an ideal addition to the advanced trading functionality of our FlexTRADER EMS. By simply selecting ‘Cube’ from a list of pre-trade options, traders will be provided with a granular breakdown of the risks and exposures for a portfolio – and single stock – against cash or a specific benchmark.”

Bernstein Cube is also available via FlexTrade’s newest execution management system, FlexNOW. The Windows-based application will become an integral part of the trading desk workflow of FlexTrade customers, according to Toby Bayliss, Head of European Electronic Trading at Bernstein.

“The Cube tool set empowers traders to make better informed decisions when planning their trading strategy, managing cash flows and hedging risk.”

“Whether Cube is used as a stand-alone, pre-trade tool, or simply in conjunction with other integrations embedded within the FlexTRADER EMS, the Bernstein Cube integration is a powerful tool to assist traders in providing Best Execution under MiFID II.”, added Mahoney.

FlexTrade Systems had recently 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.