SmartTrade Technologies is set to launch several new components for LiquidityFX, its packaged FX e-commerce system.
In addition to liquidity aggregation and smart order routing, the new system will include pricing, price distribution, an order management system, hedging and risk management. The new components will be available in December 2012, the firm says.?
“As an asset class, FX represents tremendous potential opportunity for mid-tier and regional banks and brokerages,” says smartTrade’s CEO, Harry Gozlan. “LiquidityFX will give them an end-to-end FX dealing platform. This gives regional financial institutions the ability to enter the ‘technology arms race’ and compete with the larger global banks to attract and retain more of their customers’ FX business.”
Peter Atkinson, head of FX product management at SmartTrade, adds, “We designed LiquidityFX to help traders improve execution while protecting relationships with liquidity partners. Now clients will be able to distribute liquidity and offer their customers access to a fully functional order book as well as support auto hedging and internalisation."??
The firm is adding support for spot, forwards, non-deliverable forwards (NDF) and precious metals, and David Vincent, CTO of SmartTrade. Says, “Ultimately, we’ll extend these components to other asset classes like bonds, swaps, and other OTC products as part of our cross-asset liquidity management system.”