Multi-asset electronic trading solutions provider smartTrade Technologies has announced today that London based institutional FX and derivatives broker Sucden Financial has implemented LiquidityFX, smartTrade’s fully hosted FX solution.
We understand that the smartTrade LiquidityFX solution is being put in place by Sucden alongside its currently existing solutions.
Sucden Financial acts as an FX liquidity provider to a wide variety of clients, including retail forex and CFD 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.
Wayne Roworth, co-Head of eFX, at Sucden Financial said:
SmartTrade were well placed to provide us with the necessary tools to help us accomplish our expansion plans. 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.
“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.”