Desjardins
, a leading Canadian financial services company and largest federation of credit unions in North America, has deployed smartTrade’s fully hosted and managed Foreign Exchange (FX) platform. The end-to-end e-FX trading solution will automate its institutional and retail FX workflows across all divisions of the bank while offering a very attractive and transparent flat rate and no brokerage fee for them or their liquidity providers.
smartTrade Technologies’ solution, LiquidityFX includes connectivity, aggregation, pricing, distribution, risk management, post-trade, and a highly customizable HTML5 user interface that will enable Desjardins to provide its traders and retail customers with pricing on multiple currencies.
Albert Lau, Technology and Market Data Advisor at Desjardins, commented: “We chose smartTrade because their FX solution is the best-in-class with respect to technology, functionalities and streamlined workflow processes. The decision was further bolstered by the fact that smartTrade’s services respect Desjardins’ stringent security requirements and protocols. smartTrade understands our specific needs; the professionalism and transparency demonstrated by their teams serves as a solid base to this new business relationship.”
David Vincent, CEO of smartTrade Technologies, said: “We are very happy to be selected by Desjardins and that our turnkey FX solution will allow them to benefit from features that will improve their customers’ experience. We are committed to providing innovative and reliable solutions and we are delighted to see the growing adoption in the North American market.”
Mizuho Bank Japan selected LiquidityFX last year in order to strengthen its leading position within the trading industry in Japan. The open out-of-the-box solution allows an easy injection of their own intellectual property, advanced algos and AI. as well as provides low latency connectivity combined with Canadian Bank Desjardins Deploys smartTradesophisticated aggregation, execution, smart order routing, order management, distribution, analytics and risk management.
smartTrade’s presence within the cryptocurrency ecosystem was consolidated after partnering with FINMA-licensed crypto-fiat crypto bank SEBA as a provider of multi-asset electronic trading solutions, including the delivery of connectivity to a large number of liquidity venues, aggregation, and execution, as well as Smart Order Routing (SOR), pricing, distribution, risk, order management, and analytics. smartTrade will also supply SEBA with hosting and collocation services.
