Multi-asset electronic trading solutions provider smartTrade has announced the opening of a new office in Milan, Italy, to support the company’s continued growth.
smartTrade stated that it was seeing strong growth in its FX and Fixed Income market shares and in its number of clients.
smartTrade said it has not only witnessed a strong increase in its client base on both the buy-side and sell-side, but also its diversification, with the addition of brokers such as Quantic, regional banks such as BayernLB and and corporate clients.
The company has on-boarded new clients in several regions including Germany, Italy, Japan, North America, South Africa and Switzerland. To better serve its growing customer base in Southern Europe, smartTrade has opened the new office in Milan.
A continued strong demand for a flexible innovative one-stop shop to increase execution performance and replace incumbent legacy solutions, as well as the arrival of MiFID II and new regulatory requirements has been boosting the number of smartTrade’s clients, notably in Fixed Income. New clients are seeking to move to an advanced and agile solution to electronify their workflow, increase their reliance on algos while complying with new regulations.
smartAnalytics, smartTrade’s analytics and big data offering launched at the end of 2016, has been successfully adopted by several new and existing customers. This solution provides clients with advanced trading analytics, enabling real-time and historical dashboards and reports. In addition to helping them with TCA and regulatory compliance, it allows them to discover patterns, trends and associations they can integrate to improve their execution.
David Vincent, smartTrade Technologies
David Vincent, CEO of smartTrade Technologies said:
We are very pleased with this year’s results. Our flexibility, reputation and capacity to deliver on time are key differentiating factors to attract new clients. Our teams are constantly working to make sure our existing clients are satisfied and have a partner to grow with. The opening of our Milan office reflects our on-going commitment to always provide our clients with the best service possible.