Mizuho Selects smartTrade's eFX Trading Solution

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.


Mizuho Selects smartTrade’s eFX Trading Solution

March 29, 2019

Mizuho Bank Japan has chosen smartTrade Technologies as the fintech provider of its new end-to-end FX trading solution, capable of strengthening its leading position within the trading industry in Japan.

The bank required an open out-of-the-box solution which allowed an easy injection of their own intellectual property, advanced algos and AI. smartTrade’s LiquidityFX platform is known to satisfy those needs and more, such as low latency connectivity combined with sophisticated aggregation, execution, smart order routing, order management, distribution, analytics and risk management.

The LiquidityFX solution will centralize Mizuhos’s aggregation process and optimize the management of their FX flows, generating cost savings for Mizuho and creating new opportunities for their clients.

Hiroaki Aoyama, Global Head of FX at Mizuho, commented: “We are pleased to announce that we have selected smartTrade’s solution for developing our core e-FX distribution system. The e-FX sphere, today, undeniably plays more than a central role within Mizuho Bank, both internally and through client facing channels. We would like to strengthen our FX business by partnering up with smartTrade and utilizing their LiquidityFX platform”.

David Vincent, CEO of smartTrade
David Vincent, CEO of smartTrade

David Vincent, Chief Executive Officer of smartTrade Technologies, said: “After a thorough review process, we are very pleased that Mizuho has selected our LiquidityFX platform to support their e-FX growth. The combination of our low latency connectivity and execution stack combined with sophisticated pricing and distribution functionality will allow them to enhance their execution and risk management efficiency.”

In June 2017, Sucden Financial implemented smartTrade’s fully hosted FX solution LiquidityFX to cover the broker’s needs for connectivity to multiple liquidity providers, aggregation, order routing, pricing and distribution as well as a fully integrated order management system.
smartTrade’s global head of sales is Lionel Sancenot since late 2018. He joined the firm after working with multiple organisations in several positions such as Managing Director of Amundi Services at Amundi, Head of Business Development Financial Markets at IRESS and Executive Vice President at SunGard Financial Systems.
The financial technology has also become a solutions provider for companies within the cryptocurrency space. In October 2018, smartTrade partnered with Swiss-based crypto-fiat bank SEBAto deliver a solution which encompasses 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.

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