Global Market Maker Old Mission Selects FlexTrade’s ColorPalette Order Management System

FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced that Old Mission has engaged FlexTrade’s ColorPalette Order Management System (OMS).

Old Mission, a global, multi-asset market-making firm, works with the world’s largest banks, brokers, clearing firms and institutional counterparties as a trusted partner in financial markets. Old Mission’s ability to understand and price risk has helped make it one of the leading providers of ETF liquidity worldwide. The firm has seen significant growth since launching over a decade ago, and last year introduced a new direct-to-institutional customer ETF business to bring the benefits of its model services directly to the largest buy-side firms and ETF issuers.

The implementation of ColorPalette will allow Old Mission to seamlessly connect with its customers via the FlexTrade network, effectively expanding the market maker’s service model as it integrates with FlexTrade’s front end and employing the platform’s fully compliant CAT reporting tool.

“We’re excited to be able to leverage FlexTrade’s two decades of experience servicing the institutional community,” said Bryan Christian, Head of Institutional Services at Old Mission. ”As our institutional business continues to expand, we need the best-in-breed technology and the global reach offered by the industry-leading OMS that FlexTrade provides.”

Rajiv Kedia, Principal / Assoc. Founder and Global Head of Sell-Side Solutions at FlexTrade Systems, noted: “Old Mission has become one of the most significant sources of ETF liquidity globally. We are proud to add another industry leader to our client roster, and look forward to helping the firm further scale its business.”