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, 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.”