Packaged FX liquidity aggregation, smart order routing, and execution management
Paris and Aix en Provence, May 30, 2012 smartTrade Technologies, today announced the release of LiquidityFX™ – a packaged liquidity aggregation and smart order routing system built on smartTrade's proven liquidity management platform. LiquidityFX™ provides access to deeper liquidity, better prices, improved hit ratios, and reduced slippage.
"LiquidityFX was created to give regional banks a way to gain access to more liquidity and expand their FX businesses without having to build sophisticated FX aggregation and routing technology in-house," said Harry Gozlan, CEO of smartTrade. "By offering such a packaged solution, we can provide our clients with access to smartTrade’s proven liquidity management components in a simplified and streamlined deployment at a lower total cost of ownership than if they ran the system in-house."
Available as a hosted or standalone system, LiquidityFX can be deployed very quickly. It has connectors to more than 25 FX exchanges, ECNs, and single bank platforms. It provides intelligent algorithmic routing strategies that improve execution quality while protecting relationships with liquidity providers. LiquidityFX also includes advanced best execution reporting features.
"We designed LiquidityFX to help traders improve execution results while protecting relationships with their liquidity partners," says Peter Atkinson, Head of FX Product Management at smartTrade.
"The FX market structure is fragmented and pricing streams vary widely," says Atkinson. "LiquidityFX aggregates the pricing feeds and harmonizes the information, providing a real time view of the top of book and market depth while preserving the unique characteristics of the prices for use by the smart order router."
About smartTrade Technologies Founded in 1999, smartTrade provides sophisticated liquidity management systems, enabling banks to develop multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customized pricing to clients, receive and manage client order flow, internalize liquidity and/or route it to external venues while managing state throughout the order lifecycle, implement smart order routing using proprietary algorithms, and connect electronically to any number of venues regardless of messaging protocols. The system handles multiple asset classes and is in production globally supporting foreign exchange, fixed income, equities, rates, and many other instrument types.