FlexTrade has integrated Kensho Technologies’ pre-trade analytics solution into its FlexTRADER EMS, providing a real-time event feed to help traders make decisions when executing a trade and enhance best execution.
Kensho captures events to surface company-specific developments, such as product launches, mergers and acquisitions or corporate announcements. These events come from news outlets and other sources, and cover an assortment of categories, including regulatory events, partnerships, investments and corporate actions.
The Kensho solution includes a Smart Connection feature that uses artificial intelligence (AI) to connect key developments between tickers, surfacing second-order relationships and cases when a key development in another company’s news feed will likely impact the company the trader is analysing.
Within the FlexTRADER blotter, traders can select Kensho from a list of pre-trade options to open a timeline of recent and relevant events. Kensho creates an evolving timeline of precedents, which means traders can analyse the impact of similar historical events to gain an understanding of how the market may react.
Andy Mahoney, head of sales at FlexTrade UK, says: “This integration with Kensho brings a new level of market context to the FlexTRADER blotter. By including Kensho data in pre-trade and real-time analysis, we ensure traders receive a more meaningful picture of performance.” The addition of Kensho also helps traders prove best execution under Markets in Financial Instruments Directive II (MiFID II).
Daniel Nadler, CEO and founder of Kensho, comments: “Kensho’s partnership with FlexTrade continues our mission to deliver actionable intelligence to our users. This is achieved through an ever-expanding knowledge graph of the world that uses AI to power the insight gained from a complete picture of the events that impact companies.”