Presently, smartTrade Technologies, a financial software company, has extended its fully automated and hosted low latency FX connectivity platform, LiquidityFX, to the Japanese online foreign exchange (FX) trading company Gaitame.com.
The new integration will allow Gaitame.com to supply their retail clients with an improved execution solution thanks to faster access to a larger FX liquidity pool.
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According to David Vincent, Chief Executive Officer of smartTrade Technologies in an exclusive statement to Finance Magnates, “There is an increasing demand in Japan for solutions that can connect to multiple providers to source for deeper liquidity. With Gaitame.com, our connectivity package helps them gain low latency capabilities out of Japan. The Asian market is looking for FX solutions and smartTrade has been positioning itself over the last few years as a connectivity and aggregation platform provider in the region.”
“Currently, we have a good global coverage and we have maintained a healthy and balanced presence between Europe, the US, and Asia for quite some time. Having a local point of presence is a key factor and explains why we are chosen by a significant number of Japanese players.”
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“A few years ago, as part of our strategy, we expanded our presence and connectivity into Singapore and Tokyo to respond to a growing demand from financial organizations. Today, we have a 24-7 support and quality service which is fundamental to being a trusted and reliable partner – vendors confined to one region can limit prospects for clients,” noted Mr. Vincent.
Indeed, there is a strong interest in the Japanese domesticFX market and many brokers outside Japan are in need for a comprehensive technology solution with a premium for services offered from firms such as smartTrade.
“For us, Japan is a big target, but a tough one and hard to penetrate. Having client references such as Gaitame.com or Daiwa helps us establish a greater market exposure in the country. As technology vendors today need to be very versatile, we do not just limit ourselves to FX. Nearly 15 years ago, smartTrade’s vision was to offer a truly end-to-end multi-asset solution: from connectivity and aggregation down to order management and smart routing. Incoming clients find this solution, that can be tailored for FX, Fixed income, or Equities, giving them competitive advantages by its adaptability and scalability towards future needs,” he concluded.
Earlier today, Gaitame.com released some key volumes metrics, which marked an all-time high in client assets, after experiencing a lull in recent years via a contraction in deposit amounts. Having finished 2014 with ¥104.6 billion in client assets, Gaitame.com has managed to increase deposits by over 5% so far during 2015, after only experiencing 2.8% growth for all of 2013.
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