smartTrade Technologies has announced that Bank Vontobel, a global Swiss private bank, will introduce a new offering in Forex trading for spot, forward and swaps to its clients based on smartTrade’s LiquidityFX hosted solution.
Bank Vontobel selected smartTrade LiquidityFX over other options because of its rich set of out of the box functionalities and fast time to market.
The platform includes functionalities such as Connectivity, Aggregation, Order Routing, Distribution to clients and Multi Bank Platforms, Order Management and Post Trade Integration, an HTML5 user interface and detailed reporting as well as being available as a fully hosted solution.
LiquidityFX was launched in 2012 and is based on smartTrade’s proven Liquidity Management System and available as software only or as a managed service.
The LiquidityFX cloud offering has been increasingly successful over the past two years and smartTrade is seeing a growing demand for it especially with Tier 2 Banks as well as the buy side.
Urs Bernegger, head RM & Advisory FX/PM at Bank Vontobel, said: "It is impressive how fast smartTrade delivered the solution and got us ready to trade on it. The LiquidityFX platform allows us to ramp up our forex offering and Bank Vontobel is pleased to add the services of electronic delivery for FX and PM Spot, Forwards and Swaps to our clients in the coming months".
David Vincent, CEO and CTO, smartTrade, said "We have witnessed an increasing adoption of our LiquidityFX cloud solution and are pleased to see clients up and running in such a short time to market. We are very excited about our partnership with Bank Vontobel and look forward to supporting their success in the FX arena."