LCG Deploys smartTrade Solutions to Boost Liquidity Distribution
- LCG has partnered with smartTrade Technologies to deploy their LiquidityFX solution to aggregate and distribute liquidity to customers.
smartTrade Technologies announced today that it has been selected by London Capital Group (LCG) to provide them with 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 enhancement solutions. Under terms of the deal, LCG has deployed smartTrade’s LiquidityFX private cloud solution, which is used to aggregate, distribute and monitor FX liquidity from external sources to customers.
The addition of LiquidityFX technology comes as LCG had licensed and deployed Algoweb as its main liquidity management software last year, as well as focused on supporting the MetaTrader 4 platform to customers. Explaining how the LiquidityFX deployment fits with LCG’s previous technology setup, David Vincent, CEO of smartTrade Technologies, stated to Finance Magnates that their products are integrated to work together, with Algoweb responsible for writing algorithms to handle and price liquidity, and operating within the LiquidityFX infrastructure.
The combination is then used to connect, price and manage liquidity to end-user customers trading with the MetaTrader 4 platform. With the deployment, LCG’s trading systems will be housed in smartTrade’s private cloud with co-locations in New York, London and Tokyo. For end-user customers, the multiple connectivity points provide lower latency as they connect to the closest co-location connection point.
Vincent added in the company’s prepared statement, “We have deployed our proven LiquidityFX solution in our private cloud in record time so that LCG is able to provide the best prices and trading experience to its clients across devices, including mobile. The rich functionalities of our platform guarantee that LCG maintains its sustainable business model. Our internalisation component also brings enormous cost efficiencies.”
"Our internalisation component also brings enormous cost efficiencies.” David Vincent, CEO of smartTrade Technologies
Charles-Henri Sabet, CEO of London Capital Group, also added, “We continually invest in the development of our infrastructure and have taken significant steps to improve our platform scalability and competitive position, ensuring that we are well placed to promote our Spread Betting, CFD and FX products globally. We have chosen smartTrade as our trusted partner to deliver intuitive and user-friendly systems, which provide our customers with simple, fast and robust, Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term systems.”
smartTrade Technologies announced today that it has been selected by London Capital Group (LCG) to provide them with 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 enhancement solutions. Under terms of the deal, LCG has deployed smartTrade’s LiquidityFX private cloud solution, which is used to aggregate, distribute and monitor FX liquidity from external sources to customers.
The addition of LiquidityFX technology comes as LCG had licensed and deployed Algoweb as its main liquidity management software last year, as well as focused on supporting the MetaTrader 4 platform to customers. Explaining how the LiquidityFX deployment fits with LCG’s previous technology setup, David Vincent, CEO of smartTrade Technologies, stated to Finance Magnates that their products are integrated to work together, with Algoweb responsible for writing algorithms to handle and price liquidity, and operating within the LiquidityFX infrastructure.
The combination is then used to connect, price and manage liquidity to end-user customers trading with the MetaTrader 4 platform. With the deployment, LCG’s trading systems will be housed in smartTrade’s private cloud with co-locations in New York, London and Tokyo. For end-user customers, the multiple connectivity points provide lower latency as they connect to the closest co-location connection point.
Vincent added in the company’s prepared statement, “We have deployed our proven LiquidityFX solution in our private cloud in record time so that LCG is able to provide the best prices and trading experience to its clients across devices, including mobile. The rich functionalities of our platform guarantee that LCG maintains its sustainable business model. Our internalisation component also brings enormous cost efficiencies.”
"Our internalisation component also brings enormous cost efficiencies.” David Vincent, CEO of smartTrade Technologies
Charles-Henri Sabet, CEO of London Capital Group, also added, “We continually invest in the development of our infrastructure and have taken significant steps to improve our platform scalability and competitive position, ensuring that we are well placed to promote our Spread Betting, CFD and FX products globally. We have chosen smartTrade as our trusted partner to deliver intuitive and user-friendly systems, which provide our customers with simple, fast and robust, Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term systems.”