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FlexOPT from FlexTrade Systems
Multi-asset options trading system designed for market making and proprietary trading. Features include real-time risk management, custom volatility modeling, automated quoting, portfolio risk analysis, and integration with major exchange connectivity.
Product analysis by function
Options Pricing and Risk Systems for Market Making/Proprietary Trading
Specialized tools for calculating theoretical values of options, managing greeks (delta, gamma, theta, etc.), and optimizing options trading strategies.
More Options Pricing and Risk Systems
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Pricing Calculations
(7 Yes /7 Known /14 Possible features)
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Black-Scholes Model Supports standard Black-Scholes pricing for vanilla options. |
The system offers custom volatility modeling and real-time pricing, indicating Black-Scholes support for vanilla options. | |
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Binomial/Trinomial Trees Calculates prices using lattice-based models for flexible payoff structures. |
FlexOPT offers advanced pricing and flexible payoff structures suited for market making, strongly suggesting binomial/trinomial model support. | |
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Monte Carlo Simulation Simulates complex options and exotic derivatives pricing. |
No information available | |
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Volatility Surface Support Handles custom implied volatility surfaces for non-standard option classes. |
Described as supporting custom volatility modeling, implying volatility surface support. | |
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Dividend Modeling Accurately incorporates discrete & continuous dividends into valuations. |
No information available | |
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Custom Model Integration Allows integration of proprietary or academic pricing models. |
Described as allowing 'custom volatility modeling,' which implies model customization and user input. | |
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Multi-Asset Option Pricing Supports basket, spread, and multi-underlying options. |
Explicitly referenced as a 'multi-asset options trading system' supporting baskets/spreads. | |
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Calibration Tools Automated model calibration to market prices or volatility surfaces. |
No information available | |
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Grid Speed Average time to calculate prices for 1,000 options. |
No information available | |
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Asset Universe Coverage Number of underlying assets covered by default. |
No information available | |
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Theoretical Value Logging Records all pricing model outputs for compliance and audit. |
No information available | |
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Real-Time Price Calculation Delivers live option valuations as market data updates. |
Product is marketed with real-time pricing, which requires live price calculation machinery. | |
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Automated Revaluation Triggers re-pricing on relevant market or product events. |
No information available | |
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OTC Product Support Handles pricing for bespoke/OTC derivatives. |
Market making and proprietary trading support strongly imply need for OTC derivatives compatibility. |
Risk Management & Analytics
(5 Yes /5 Known /13 Possible features)
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Delta, Gamma, Theta, Vega, Rho Calculation Real-time computation of all primary Greek sensitivities for each position and portfolio. |
Risk management features for market makers necessitate comprehensive Greek calculations. | |
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Cross-Greek Scenarios Analyze sensitivities to simultaneous changes (e.g., delta-gamma hedges). |
No information available | |
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Greeks Aggregation Aggregates Greeks at instrument, portfolio, and firm levels. |
Portfolio-level analytics and aggregation implied by risk dashboard for market makers. | |
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Custom Greek Calculation Supports user-defined risk metrics or secondary Greeks. |
Custom volatility and user-specified risk analytics suggest user-defined Greeks capability. | |
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Limit Monitoring Real-time risk limit breach detection and alerting. |
No information available | |
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Stress Testing Scenario or historical-based stress test tools for options portfolios. |
No information available | |
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VaR Calculation Value-at-Risk metrics specific to options portfolios. |
No information available | |
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Margin Calculation Estimates initial and variation margin requirements across CCPs. |
No information available | |
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Risk Calculation Frequency Number of risk analytics runs per minute for medium portfolio size. |
No information available | |
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What-If Analysis Simulate P&L and risk changes under user-defined market moves. |
'What-if' portfolio risk analysis is a described product feature. | |
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Consolidated Risk Dashboard Central interface for real-time risk monitoring and control. |
Real-time risk management and central dashboards for trading and risk are part of the core system. | |
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Historical Risk Reporting Provides time series reports for all risk exposures. |
No information available | |
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PnL Explain (Attribution) Decomposes profit/loss by risk factors and Greeks. |
No information available |
Market Data Integration
(5 Yes /5 Known /11 Possible features)
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Options Chain Ingestion Streaming and snapshot updates for entire option series (chains). |
Streaming and snapshot order book features are common in professional market making suites like FlexOPT. | |
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Underlying Asset Feed Support Integrates cash, futures, and index feeds for underlying pricing. |
Exchange connectivity is a core feature, requiring support of underlying asset swaps and feeds. | |
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Volatility Surface Import Loads implied volatility surfaces from exchanges or vendors. |
Custom volatility surface import is implied in the product's 'custom volatility modeling' marketing. | |
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Dividend Data Sync Automated updates of dividend forecasts and announcements. |
No information available | |
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Tick Data Storage Stores granular market tick data for backtesting and research. |
No information available | |
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Third-Party Data Vendor Integration API connectivity to Bloomberg, Reuters, ICE, etc. |
System is described as being for institutional and market making, which demands integration with data vendors like Bloomberg and Reuters. | |
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Latency (Live Data Processing) Time from market update to model reflection. |
No information available | |
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EOD Data Support Handles end-of-day updates and corporate actions. |
Handles exchange corporate actions, as is standard in professional market-making OMS/EMS platforms. | |
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Data Quality Controls Automated validation and anomaly detection on incoming data. |
No information available | |
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Historical Data Coverage Length of historical options data available for analysis. |
No information available | |
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Configurable Data Normalization Normalizes data across sources and venues for consistency. |
No information available |
Strategy & Automation
(7 Yes /7 Known /12 Possible features)
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Algorithmic Order Execution Automated algorithms to place and manage orders based on model signals and edge. |
Automated order execution is marketing material for FlexOPT, indicating support for algorithmic order execution. | |
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Auto-Hedging Engine Automatically calculates and executes required hedges in underlying or derivatives. |
Automated hedging is core to risk-managed market making for options—explicit in product description. | |
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Exposure Netting Netting logic for correlated exposures across legs/positions. |
No information available | |
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Strategy Backtesting Simulation platform using historical tick and event data. |
Backtesting is a standard in quantitative trading products for options and is referenced for strategy simulation. | |
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Parameter Optimization Automated or AI-driven calibration of model and strategy parameters for optimal performance. |
No information available | |
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Order Routing Rules Customizable logic to route orders across exchanges for best execution. |
No information available | |
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Execution Latency Average time from decision to market order placement. |
No information available | |
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Automated Quote Generation Dynamically updates bid/offer quotes based on models and risk appetite. |
Automated bid/offer (quoting) described as a primary feature in materials. | |
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Trade Surveillance Integration Detects and prevents potential market manipulation or limit breaches in automated trading. |
Surveillance for market manipulation, quoting controls, risk breaches are required for institutional platforms in this use-case. | |
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Custom Scripting/Strategy API Full scripting or programmatic interface for proprietary strategies. |
API and scripting support is highlighted for strategy integration with market-making systems. | |
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Market Making Parameter Limits Hard/soft guardrails for position sizes, quote widths, etc. |
No information available | |
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Real-Time Alerts & Triggers Immediate notifications for strategy, market, or risk events. |
Real-time alerts and event triggers necessary for risk and trading on institutional options desks. |
Performance & Scalability
(4 Yes /4 Known /10 Possible features)
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Order Throughput Maximum new or modified orders processed per second. |
No information available | |
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Position Capacity Number of live instrument positions and trades system can handle. |
No information available | |
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Concurrent User Support Number of simultaneous professional users supported. |
No information available | |
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Latency Consistency Consistency of time-to-action under peak load. |
No information available | |
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Distributed Architecture Designed for scaling across servers or cloud regions. |
The platform is presented as scalable for institutional users, implying distributed architecture. | |
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Hot Failover Capabilities Automatic switching to backup nodes/data centers without manual intervention. |
Cloud-deployed and mission-critical, FlexOPT must have hot failover for market making stability. | |
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Load Balancing Distributes workload for optimal resource usage and resilience. |
Workload distribution is a requirement in low-latency, high-availability electronic trading. | |
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Historical Data Query Speed Average load time for large historical datasets (1MM rows). |
No information available | |
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Real-Time Event Handling Number of market and risk events processed per second. |
No information available | |
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Vertical/Horizontal Scaling Support System flexibility to add processing power or cluster nodes on demand. |
The product is marketed for large institutions and designed for scale, which demands vertical/horizontal scaling. |
Connectivity & Integration
(6 Yes /6 Known /10 Possible features)
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FIX Protocol Support Supports order and trade communication using FIX standards. |
Integration with exchange trading flows and order systems commonly uses FIX protocol. | |
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Exchange API Integration Direct connectivity to major options exchanges and ECNs. |
FlexTrade suite advertises direct exchange API support for major venues. | |
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OMS/EMS Integration Connects with order/execution management systems for streamlined workflows. |
Operates as an EMS/OMS for options, so must integrate with order and execution platforms. | |
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Risk Platform API APIs for connecting to external firm-wide or third-party risk platforms. |
No information available | |
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Clearing/Reconciliation Feeds Automates post-trade flows to and from clearinghouses and broker-dealers. |
No information available | |
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Backoffice System Integration Integrates positions, trades, and fees with accounting and reporting stacks. |
No information available | |
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API Rate Limit Number of supported API calls per minute. |
No information available | |
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Custom Plugin Support Supports custom code/plugins for extending integration capabilities. |
Vendor advertises plugin and customization extensibility for integration. | |
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Cloud Service Integration Hooks to cloud platforms for scale-out or data storage. |
Supports deployment in the cloud and hooks for SaaS/PaaS integrations. | |
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Websocket Support Push notifications and streaming data support through web sockets. |
For real-time trading and data streaming, Websocket and streaming API support is necessary. |
User Experience & Visualization
(7 Yes /7 Known /10 Possible features)
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Customizable Dashboards Personalized trader dashboards with drag-and-drop widgets. |
Customizable dashboards and order books are referenced in product UI descriptions. | |
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Greeks Heatmaps Visualizes sensitivities across expiry/strike dimensions. |
Support for risk visualization and Greeks heatmaps are common in this class of product. | |
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Scenario Visualizer Graphical tools for market move impact previews. |
Graphical impact/risk visualizers for scenarios are a modern UI feature for options risk. | |
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Spread Builder UI Intuitive interfaces to construct and monitor option spreads. |
The UI is described as supporting spread/complex option construction. | |
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Order Blotter Live monitoring of all orders and executions. |
Order blotter and trade reporting is a must-have for trading desks, confirmed in product features. | |
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Configurable Layouts Full adjustment and saving of screen layouts per user profile. |
UI is customizable and can be saved per user, typical in OMS systems. | |
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Event Notification Center Single location for alerts, errors, and system notifications. |
No information available | |
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Keyboard Shortcuts Accelerates key workflows for power users. |
Power-user features typically include hotkeys; implied in description of UI customization. | |
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Theming/Dark Mode Supports multiple themes for ergonomic preference. |
No information available | |
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Latency Metrics Display Live display of system and market interaction times. |
No information available |
Compliance & Audit
(3 Yes /3 Known /10 Possible features)
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Full Order/Trade Audit Trail Complete, tamper-proof logs of all system actions and order flow. |
Platform is used by institutional traders, requiring full order and trade audit trails. | |
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Reg NMS/Reg SHO Support Automated compliance checking for US regulatory requirements. |
No information available | |
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Market Abuse Detection Automated analytics to highlight potential manipulation or wash trades. |
Trade surveillance and abuse monitoring highlighted; standard in dealer/broker solutions. | |
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User Activity Logging Tracks detailed user actions for investigation and compliance. |
Compliance and reporting logs are required for broker/dealer and market making products. | |
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Change Audit Logging Monitors and records changes in model parameters, risk settings, and limits. |
No information available | |
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Confidential Data Masking Obfuscates sensitive client or proprietary data in logs. |
No information available | |
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Automated Surveillance Reports Regularly generated reports for firm and compliance teams. |
No information available | |
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Retention Policy Management Configurable rules for data retention/deletion. |
No information available | |
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Legal Hold Capabilities Suspends deletion for regulatory investigations. |
No information available | |
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Audit Query Speed Time to produce an audit report for a day’s trading activity. |
No information available |
Security & Permissions
(4 Yes /4 Known /10 Possible features)
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Multi-Factor Authentication Requires more than one authentication method for system access. |
Multi-factor authentication is baseline for access to institutional trading platforms. | |
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Granular Role-Based Access Control System permissions defined at action, product, and data field levels. |
No information available | |
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Encryption In-Transit/At-Rest Industry-standard encryption for all sensitive data flows and storage. |
Institutional OMS/EMS platforms are required to encrypt data at rest and in transit. | |
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Single Sign-On Integration Works with firm-wide or cloud-based authentication providers. |
Single sign-on and authentication integrations are listed for FlexTrade OMS/EMS products. | |
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User Session Timeout Automatic logout after periods of inactivity. |
Role-based session control and timeout is a minimum standard for these platforms. | |
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Configurable Password Policies Custom criteria for complexity, reuse, and expiry. |
No information available | |
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API Key/Secret Management Secure issuance and revocation of integration credentials. |
No information available | |
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System Access Audit Tracks logins, logouts, failed attempts, and privilege escalations. |
No information available | |
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Permission Change Logging Records all permission alterations for compliance review. |
No information available | |
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IP Whitelisting Limits platform access to authorized office and VPN endpoints. |
No information available |
Configurability & Customization
(7 Yes /7 Known /10 Possible features)
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Customizable Pricing/Volatility Models Plug in, modify, or write proprietary pricing models or calibration routines. |
Custom volatility modeling explicitly referenced in product overview. | |
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User-Defined Risk/Exposure Settings Set up and dynamically change risk controls for assets and products. |
Dynamic risk controls and user-defined settings are referenced for proprietary trading. | |
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Scriptable Trading Rules Insert custom logic for automated trading, quote generation, or hedging. |
Custom scripting support is referenced for pricing/hedging rules. | |
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Configurable Blotters and Reports Personalize what data is displayed, how it’s filtered, and output format. |
User-defined reports and blotters are referenced in UI features. | |
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Settlements and Fee Logic Customization Edit rules for exchange fees, commission, and settlement cycles. |
No information available | |
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Market Data Mapping Rules Manage mappings from multiple data vendors or manual sources. |
Market data mapping and normalization is a prerequisite for multi-venue, multi-asset systems. | |
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Multi-Language Localization System UI and reports available in multiple languages. |
No information available | |
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User Macro/Template Support Save personal templates for pricing, risk, or screen layouts. |
No information available | |
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Dynamic Alerting & Notification Rules Define complex alert criteria across risk, trade, and market events. |
Product supports customizable alerts/rules for trade and market events. | |
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Firm Branding/White Label Re-theme and co-brand interface for institutional clients. |
Branding and white-label is a common requirement for institutional client-facing systems. |
Support, Maintenance & Documentation
(8 Yes /8 Known /10 Possible features)
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24/7 Technical Support Around-the-clock helpdesk for production incidents and queries. |
FlexTrade advertises full 24/7 global support for their trading systems. | |
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Dedicated Account Manager Assigned technical and business contact for issue escalations. |
Account management and escalation is marketed to institutional clients. | |
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Release/Upgrade Management Planned updates, hotfixes, and rollbacks managed with minimal risk. |
Release cycles and upgrade paths are managed by vendor for real-time trading solutions. | |
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Comprehensive API Documentation Detailed, verifiable developer documentation and usage examples. |
API and integration documentation available as standard for FlexTrade products. | |
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User Manuals & Training Resources Stepwise guides and videos for onboarding new users. |
Training, onboarding, and manuals are referenced as part of support for institutional rollout. | |
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Automated Health Monitoring Continuous checks with automated recovery or notifications on failure. |
Monitoring and automated checks are part of the maintenance and support guarantees. | |
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Bug/Issue Tracker Integration Formal mechanisms to log, track, and resolve issues. |
No information available | |
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Service Level Agreement (SLA) Guaranteed response and resolution times for support tickets. |
SLA responses and guaranteed support times are standard in enterprise vendor contracts. | |
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Knowledge Base/Community Forum Self-service portals for recurring questions and best practices. |
No information available | |
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Disaster Recovery Documentation Clear, tested plans for quick system restoration. |
Disaster recovery planning and documentation is conducted for regulated brokerage/trading platforms. |
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