smartTrade Technologies  releases  new version of its Order Management System (OMS) and adoption by clients in Europe, the Americas and Asia Pacific. smartTrade clients have optimised their trading flow by using smartTrade OMS to handle client orders more efficiently across multiple desks, internalise client flows and improve their proprietary hedging strategies. All desks involved in the trading chain can utilize the tool, making sure that any team members can service the client orders instantly from anywhere in the world.

smartTrade OMS allows clients to implement custom strategies across a large number of orders. It is an end-to-end solution that supports both e-orders and manual trading books. It is easy to integrate smartTrade OMS with external systems such as Single Dealer Platforms, existing liquidity feeds and existing front-ends. The latest release includes the externalisation of orders for management by algos and support for custom order types. A comprehensive set of rules for order routing to traders (manual desks) and algos (e-desks) has now been incorporated. Sales desks can use the OMS front-end, the API or an Excel spreadsheet to interact with the OMS. smartTrade offers a highly competitive pricing model, as well as the option to host the solution in the smartTrade private cloud.

A global tier 1 bank highlighted the openness and flexibility of the OMS, stating that “in addition to offering advanced controls, the cross-asset technology enables us to future proof our investment.” A broker client in Europe added “among all the solutions we evaluated, smartTrade OMS is the most feature rich and easiest to integrate into existing environment.”

David Vincent, Chief Executive Officer of smartTrade Technologies, comments “We work closely with our clients to continuously improve our solution. The latest version of smartTrade OMS brings best-in-class functionality, whilst ensuring it continues to integrate well with other smartTrade and Client trading system components. The solution is designed for both global institutions and regional players.” David Vincent concludes, “The openness of our solution, together with the intuitive GUI, using the HTML5 framework and the cross-asset nature of our underlying components, sets us apart in the industry.”