Liquidity management system provider smartTrade Technologies announced today that the company has entered a strategic alliance with interdealer broker Kepler Capital Markets, a division of French multinational financial services company Kepler Devreaux.
smartTrade’s Liquidity Management System (LMS) will be implemented in order to handle Kepler Capital Markets’ hybrid auction platform for inflation products, representing a second commercial agreement within less than a month following smartTrade’s entry into Korea by supplying LMS to software company Koscom in May.
From smartTrade’s perspective, the company’s LiquidityCrosser component enables Kepler Capital Markets to offer an electronic platform to support its auction system, for both regularly scheduled and on-demand auctions. Moreover, users are provided with a custom interface developed from the ground using smartTrade’s HTML5 development framework.
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Joseph Cusanno, Head of Fixed Income IDB at Kepler Capital Markets, issued a corporate statement concerning the merits of the strategic alliance: “We had very positive feedback from smartTrade’s LMS in place for equities crossing at Kepler Cheuvreux, which left us in no doubt that smartTrade could deliver this electronic auction platform quickly. smartTrade supports the multi-class flexibility to the platform and allows us to create innovative auction protocols ourselves. This module is an important addition to our services and smartTrade integrates seamlessly into our execution platform.”
David Vincent, smartTrade’s Chief Executive Officer and CTO published his view: “smartTrade is happy to support this multi-asset platform by bringing our expertise in crossing and trading protocol technology. We are looking forward to the introduction of new products on the platform by Kepler Capital Markets.”