Desjardins Selects smartTrade’s Liquidity FX Platform
- The Canadian financial services firm has chosen smartTrade to enhance FX services for its clients
Aix-en-Provence based technology provider smartTrade Technologies has been selected by Desjardins to help to provide enhanced FX services to the firm's clients, the company announced today.
In need of an end-to-end e-FX trading solution to automate its institutional and retail FX workflows, across all divisions of the bank, Desjardins decided to choose smartTrade's services for support.
LiquidityFX met all of Desjardin's functionality requirements while offering a transparent flat rate without the brokerage fee for the company or their Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers.
smartTrade's solution includes connectivity, aggregation, pricing, distribution, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, post-trade, and a highly customizable HTML5 user interface.
Additionally, Desjardins will be able to provide its traders and retail customers with pricing on multiple currencies.
Albert Lau, Technology and Market Data Advisor at Desjardins, notes that smartTrade was chosen because their FX solution is the best-in-class with respect to technology, functionalities, and streamlined workflow processes.
"The decision was further bolstered by the fact that smartTrade's services respect Desjardins' stringent security requirements and protocols. smartTrade understands our specific needs; the professionalism and transparency demonstrated by their teams serves as a solid base to this new business relationship," he adds.
"We are very happy to be selected by Desjardins and that our turnkey FX solution will allow them to benefit from features that will improve their customers' experience. We are committed to providing innovative and reliable solutions and we are delighted to see the growing adoption in the North American market," David Vincent, Co-founder and Chief Executive Officer at smartTrade says.
Aix-en-Provence based technology provider smartTrade Technologies has been selected by Desjardins to help to provide enhanced FX services to the firm's clients, the company announced today.
In need of an end-to-end e-FX trading solution to automate its institutional and retail FX workflows, across all divisions of the bank, Desjardins decided to choose smartTrade's services for support.
LiquidityFX met all of Desjardin's functionality requirements while offering a transparent flat rate without the brokerage fee for the company or their Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers.
smartTrade's solution includes connectivity, aggregation, pricing, distribution, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, post-trade, and a highly customizable HTML5 user interface.
Additionally, Desjardins will be able to provide its traders and retail customers with pricing on multiple currencies.
Albert Lau, Technology and Market Data Advisor at Desjardins, notes that smartTrade was chosen because their FX solution is the best-in-class with respect to technology, functionalities, and streamlined workflow processes.
"The decision was further bolstered by the fact that smartTrade's services respect Desjardins' stringent security requirements and protocols. smartTrade understands our specific needs; the professionalism and transparency demonstrated by their teams serves as a solid base to this new business relationship," he adds.
"We are very happy to be selected by Desjardins and that our turnkey FX solution will allow them to benefit from features that will improve their customers' experience. We are committed to providing innovative and reliable solutions and we are delighted to see the growing adoption in the North American market," David Vincent, Co-founder and Chief Executive Officer at smartTrade says.