smartTrade Technologies launches Cryptocurrency trading on its FX Platform

smartTrade Technologies launches Cryptocurrency trading on its FX Platform
16.05.2018 12:12 pm

smartTrade Technologies launches Cryptocurrency trading on its FX Platform

Asset Management

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, announces today the addition of Cryptocurrencies to its award-winning FX Trading Platform, LiquidityFX (LFX).

The Cryptocurrency market is growing fast, and a large percentage of the current trading volumes is concentrated on the top ten cryptocurrencies, which accounts for about 70% of daily turnover. It is also highly decentralized and finding the best price is, at best, opaque and challenging when trading. 

smartTrade overcomes these challenges with its Cryptocurrencies offering. LiquidityFX (LFX) platform includes connectivity to the major cryptocurrency exchanges and clients can leverage the sophisticated LFX aggregation system to obtain a normalized view of the cryptocurrency liquidity, to place orders and manage algorithms with Smart Order Routing (SOR) logic in a transparent manner.

All other existing LFX functionalities such as pricing engines, price distribution, auto-pricing and auto-hedging, order management, hosting and colocation as well as analytics and TCA, are available for cryptocurrencies, making LFX a feature-rich solution for this growing market.

For the past 19 years, smartTrade has successfully been the technology partner of several financial services institutions and has disrupted the market with a transparent and cost-effective business model while not charging any volume-based commissions and has no ambitions to provide brokerage services, dark pools or any other exchange-like services for cryptocurrencies.

“Where inquiries and discussions in 2017 were mainly related to Bitcoin, we now start to see an increasing interest from institutions to be able to trade multiple cryptocurrencies,” commented David VINCENT, CEO of smartTrade Technologies “Therefore, we decided to explore and invest in connectivity to various Crypto Exchanges, providing our customers with electronic trading access to hundreds of different cryptocurrencies,” he added.

Related News

Linedata signs ICBC Asset Management (Global)

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today that Hong-Kong-based ICBC Asset Management (... Read more »

Coronation Fund Managers Live on EDM Managed Service from IHS Markit in 14 Weeks

 IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that... Read more »

CoInvestor Technologies selected for Tech Nation’s FinTech Programme

CoInvestor Technologies (CoInvestor), has been selected to be part of... Read more »

Iconiq Holding Launches Digital Asset Index Funds and Announces Upgrades to the ICNQ Token With Gibraltar Blockchain Exchange Token Sale and Exchange Listing

Iconiq Funds, the newly-launched asset management arm of Germany-based Iconiq Holding, the team behind... Read more »

Miles Software Enters Into Strategic Partnership With State Bank of Mauritius Group to Launch MoneyWare Across the Bank and the NBFC

Miles Software, the Global Fintech giant in the Wealth, Asset, Portfolio management and Custody business, today announced... Read more »

Launch of CoAssets Stirling Fort Absolute Return Fund (CASFAR)

CoAssets Limited (CoAssets or the "Company") (ASX: CA8), a financial technology platform specialising in providing funding... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App