Pricing, price distribution, and risk management are among the components being added in December.
In response to customer demand, smartTrade Technologies, a French provider of liquidity management systems, is set to launch several new components for its packaged foreign exchange (FX) eCommerce system, LiquidityFX, in December. In addition to liquidity aggregation and smart order routing, the new system will include pricing, price distribution, an order management system (OMS), hedging and risk management.
"As an asset class, FX represents tremendous potential opportunity for mid-tier and regional banks and brokerages," says smartTrade CEO Harry Gozlan. "LiquidityFX will give them an end-to-end FX dealing platform. This gives regional financial institutions the ability to enter the ‘technology arms race' and compete with the larger global banks to attract and retain more of their customers' FX business."
Adds Peter Atkinson, head of FX product management at smartTrade: "Now clients will be able to distribute liquidity and offer their customers access to a fully functional order book as well as support auto hedging and internalization."
LiquidityFX is available as a hosted solution, as a software package, or delivered on an appliance.
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