KUALA LUMPUR – Multi-asset electronic trading solutions provider, smartTrade Technologies has reported on a successful 2020, propelled by strong investor confidence and the proven resilience of its sector-leading technology.
According to a statement, in the first half of 2020, Hg, Europe’s leading software investor, acquired a significant stake in smartTrade.
This investment has allowed smartTrade to continue innovating and strengthening its research and development (R&D) activities despite the many challenges faced last year by the financial markets and wider community.
Notable developments last year were the enhancement of smartTrade’s open and API-enabled technology, as well as increased functionality in FX Options, Money Markets, AlgoBox and PostTrade for LiquidityFX, the firm’s FX trading platform.
Robust and resilient systems coupled with solid infrastructure also contributed heavily to smartTrade’s success in 2020 with the firm’s customers able to trade without interruption throughout the Covid-19 crisis.
Its trading engine allowed for rapid responses to changing market conditions and coped exceptionally well with periods of increased market volatility and the need for lower latency.
Last year, smartTrade continued to increase its customer base, with the onboarding of new customers in several countries including the United States, Switzerland, the United Kingdom, Canada and Japan.
A number of new customers of smartTrade’s end-to-end Fixed Income and FX trading platforms (smartFI and LiquidityFX), were successfully rolled out in spite of restrictions on global travel.
Building on market recognition previously achieved, in 2020, smartTrade received industry awards for Best Trading Solution for FX Markets, Best FX Aggregator and Best Buy-Side EMS.– Bernama, January 25, 2021
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