LiquidityFX By smartTrade Grows in Europe, Partners with Bank Vontobel
- The Switzerland based international investment bank will now offer its clients Forex trading (including spot, forward and swap) based on the French liquidity management system provider's solution.
Paris-based smartTrade Technologies has announced today that Bank Vontobel, a Swiss publicly traded investment banking and private banking brokerage, will introduce its clients Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading for spot, forward and swaps based on the LiquidityFX hosted solution.
The 90 years old financial institution, Bank Vontobel, has selected smartTrade LiquidityFX over the competition because of its out of the box functionalities and time to market, the company asserts in the announcement.
Urs Bernegger, Head RM & Advisory FX/PM at Bank Vontobel, said, “It is impressive how fast smartTrade delivered the solution and got us ready to trade on it. The LiquidityFX platform allows us to ramp up our forex offering and Bank Vontobel is pleased to add the services of electronic delivery for FX and PM Spot, Forwards and Swaps to our clients in the coming months."
The platform features are aggregation, order routing, distribution to clients, multi-bank platforms, order management and post trade integration. In January 2013 an HTML5 user interface was introduced making it more accessible for front-end clients, in addition to already being available as a fully hosted solution on the back-end.
LiquidityFX was launched in May 2012 and it is based on smartTrade’s Liquidity Management System and available as software or SaaS. The LiquidityFX cloud offering has been gaining momentum over the past two years and smartTrade reports it is seeing a growing demand for it, especially with Tier 2 Banks and on the buy-side.
David Vincent, smartTrade’s Chief Executive Officer and CTO, said “We have witnessed an increasing adoption of our LiquidityFX cloud solution and are pleased to see clients up and running in such a short time to market. We are very excited about our partnership with Bank Vontobel and look forward to supporting their success in the FX arena."
Paris-based smartTrade Technologies has announced today that Bank Vontobel, a Swiss publicly traded investment banking and private banking brokerage, will introduce its clients Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading for spot, forward and swaps based on the LiquidityFX hosted solution.
The 90 years old financial institution, Bank Vontobel, has selected smartTrade LiquidityFX over the competition because of its out of the box functionalities and time to market, the company asserts in the announcement.
Urs Bernegger, Head RM & Advisory FX/PM at Bank Vontobel, said, “It is impressive how fast smartTrade delivered the solution and got us ready to trade on it. The LiquidityFX platform allows us to ramp up our forex offering and Bank Vontobel is pleased to add the services of electronic delivery for FX and PM Spot, Forwards and Swaps to our clients in the coming months."
The platform features are aggregation, order routing, distribution to clients, multi-bank platforms, order management and post trade integration. In January 2013 an HTML5 user interface was introduced making it more accessible for front-end clients, in addition to already being available as a fully hosted solution on the back-end.
LiquidityFX was launched in May 2012 and it is based on smartTrade’s Liquidity Management System and available as software or SaaS. The LiquidityFX cloud offering has been gaining momentum over the past two years and smartTrade reports it is seeing a growing demand for it, especially with Tier 2 Banks and on the buy-side.
David Vincent, smartTrade’s Chief Executive Officer and CTO, said “We have witnessed an increasing adoption of our LiquidityFX cloud solution and are pleased to see clients up and running in such a short time to market. We are very excited about our partnership with Bank Vontobel and look forward to supporting their success in the FX arena."