Sucden Financial Opts for smartTrade Technologies’ FX Platform

Sucden Financial Opts for smartTrade Technologies’ FX Platform
20.06.2017 11:00 am

Sucden Financial Opts for smartTrade Technologies’ FX Platform

Trading Systems

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, announced today that Sucden Financial, a leading London based institutional FX and derivatives broker, has implemented LiquidityFX, smartTrade’s fully hosted FX solution.

Sucden Financial acts as an FX liquidity provider to a wide variety of clients, including retail brokers, banks and hedge funds throughout the world. Their challenge was to find an experienced and proven technology provider with an in-depth understanding of their ambitions within e-FX and its technicalities. Achieving a quick time to market was another prerequisite which required a provider with out-of-the-box connectivity to tier-one banks, non-bank market makers, prime brokers and ECNS.

Sucden Financial selected smartTrade Technologies for their capacity to deliver a sophisticated and complete solution within a challenging timeframe. smartTrade's LiquidityFX solution covers their needs for connectivity to multiple liquidity providers, aggregation, order routing, pricing and distribution as well as a fully integrated order management system. smartTrade is also providing Sucden Financial with its LiquidityFX credit margin module, which allows their end clients to trade larger amounts and leverage their cash margin while enabling Sucden Financial to monitor and manage their risk coverage in real time.

“SmartTrade were well placed to provide us with the necessary tools to help us accomplish our expansion plans,” commented Wayne Roworth, co-Head of eFX, at Sucden Financial. “Their ability to provide specific features such as an LD4 matching engine and ECN connectivity for our non-bank prime products were critical milestones for us,” he added.

“Our consultative approach enables us to understand clients’ requirements and is key to a successful implementation and delivery,” commented David Vincent, Chief Executive Officer of smartTrade Technologies. He added, “We believe that our strong experience in providing solutions for the FX brokers is a key asset in helping Sucden Financial achieve their growth objectives.”

Related News

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

The energy industry has never seen a year like it.... Read more »

Newfound launches virtual fintech trade mission to stimulate economic growth in UK and Australia

Global expansion specialists Newfound today announced the first ever virtual fintech trade mission between the UK and... Read more »

IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange

IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its... Read more »

Cloud9 Chooses OpenFin to Empower “Virtual Trading Desks”

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9... Read more »

QuantHouse to provide TSL machine learning capabilities as part of the QuantFactory cloud backtesting suite

QuantHouse, the global provider of end-to-end systematic trading solutions including... Read more »

AxeTrading and Mosaic Smart Data Collaborate to Unlock Bond Market Insights

AxeTrading, the fixed income trading software provider, and Mosaic Smart Data, the real-time capital markets data analytics company, today announced the... Read more »

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