Sponsored Editorial with smartTrade Technologies’ CEO David Vincent 1) What are the key challenges facing liquidity providers in these highly volatile and illiquid markets? The Foreign Exchange market has experienced low volatility for quite some time, however since the COVID-19 pandemic arrival in Europe in mid-February, we have observed the return of high volatility. One […]
Canadian financial services company Desjardins has selected LiquidityFX, SmartTrade’s fully hosted and managed FX platform, to provide enhanced FX services to its clients. SmartTrade’s solution includes connectivity, aggregation, pricing, distribution, risk management, post-trade and a customisable HTML5 user interface. In addition, Desjardins will be able to provide its traders and retail customers with pricing on […]
SmartTrade has opened a new subsidiary in Geneva and appointed two senior sales directors, Peter Holmgren in London and Claude Doricic in Paris. The firm says the opening of offices in Geneva and the relocation of Lionel Sancenot, its global head of sales, is a natural step to support the company’s growth in this region […]
Soren Haagensen is leaving smartTrade Technologies, where he has served as director of sales for the Americas since joining earlier this year. Sources say he will be moving to a retail FX firm in the new year.
Based in New York, Haagensen joined the firm from Integral, where he worked as managing director, bank FX, Americas, for the previous two years.
The bulk of his career was spent at Societe Generale, where he spent 20 years, last managing its e-commerce product in the Americas from 2007 until his departure in 2015. Before that, he acted as the bank’s business manager for its New York FX business.
SmartTrade has been chosen by Seba Crypto to deliver its crypto and traditional assets trading platform.
Seba says it has the ambition to build a regulated bank to bridge the gap between the crypto and traditional financial economies. Headquartered in Zug, Switzerland, the company says it wants to give institutions, corporates and individuals the confidence to operate in both economies, enabling new thinking, creating solutions and managing digital wealth efficiently. SmartTrade will deliver a solution which encompasses connectivity to a large number of liquidity venues.
SmartStream Technologies has launched a new innovation team tasked with creating solutions using artificial intelligence (AI), machine learning (ML) and blockchain technologies, in the areas of reconciliations, cash management, and fees and expense management.
“Highly skilled members of the team include mathematicians, applied data scientists, computer scientists and PhDs, who will focus on the deployment of AI/ML and blockchain models with financial institutions. This includes evaluating optimal AI/ML modelling, data interpolation, running tests, implementations and analysing how AI processes best work within the current product environment by monitoring achievements and optimisation of processes, to enable better business outcomes,” the firm says in a release issued today.
In a release issued today, smartTrade Technologies revealed that it has added cryptocurrencies to its FX trading platform, LiquidityFX (LFX).
“The cryptocurrency market is growing fast, and a large percentage of the current trading volumes is concentrated on the top 10 cryptocurrencies, which accounts for about 70% of daily turnover. It is also highly decentralised and finding the best price is, at best, opaque and challenging when trading,” says the firm.
The release continues: “SmartTrade overcomes these challenges with its cryptocurrencies offering. LiquidityFX (LFX) platform includes connectivity to the major cryptocurrency exchanges and clients can leverage the sophisticated LFX aggregation system to obtain a normalised view of the cryptocurrency liquidity, to place orders and manage algorithms with Smart Order Routing (SOR) logic in a transparent manner.”
Annalisa Sarasini has been promoted by smartTrade Technologies to the role of chief business development officer.
Prior to this, Sarasini had been working as global head of sales since joining the firm in 2012. In this role she was tasked with driving smartTrade’s sales growth worldwide while building a global sales team with a geographical presence in all main financial hubs.
In a release issued today, smartTrade says that Sarasini will continue contributing to the company’s sales growth and to strategic sales and marketing initiatives in her new role.
“Since joining smartTrade, Annalisa’s contributions have been invaluable, not only in driving the growth of the business, but also in helping build a great company culture,” says David Vincent, CEO of smartTrade Technologies.
Sucden Financial has implemented SmartTrade Technologies’ fully hosted FX solution, LiquidityFX.
LiquidityFX will provide Sucden with connectivity to multiple liquidity providers, aggregation, order routing, pricing and distribution, as well as a fully integrated order management system.
SmartTrade is also providing Sucden with its LiquidityFX credit margin module, which is designed to allow end clients to trade larger amounts and leverage their cash margin while enabling Sucden to monitor and manage their risk coverage in real time.
“SmartTrade were well placed to provide us with the necessary tools to help us accomplish our expansion plans.” comments Wayne Roworth, co-head of e-FX at Sucden.