About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

smartTrade Secures Contract Wins in London and Japan

Subscribe to our newsletter

By Zoe Schiff

smartTrade Technologies has secured contract wins in London and Japan. In London, the trading solutions supplier will build and host an e-trading platform for R5FX, a new liquidity pool dedicated to emerging market currencies trading. In Japan, smartTrade will host its LiquidityFX low-latency connectivity platform for Gaitame.com, an online foreign exchange company.

R5FX, a London based fintech start-up, is beta testing a marketplace for local market FX trading that it plans to take live later this year. The company hopes to drive growth in the trading of emerging market currencies as the market migrates from being largely voice traded to become a more transparent and efficient screen-based market. Responding to forthcoming MiFID regulation on leverage ratios that will make cetralised trading models more attractive to FX trading banks, R5FX will operate a central credit model, allowing clients to reduce the number of credit lines required to trade emerging market currencies.

Jon Vollemaere, CEO of R5FX, explains: “R5FX offers banks and institutional traders a venue that provides equal access to emerging market currencies, enabling fast and efficient trading. We chose smartTrade’s platform as it is industry proven, robust, flexible to match our needs, and provides us with the capacity to support future market growth.” David Vincent, CEO of smartTrade, adds: “smartTrade’s platform will enable R5FX to offer its customers increased liquidity and a broader range of emerging market related instruments, some of which were not previously available. The platform addresses the need for speed to market, offers HTML5 user interface customisation and will allow R5FX to quickly onboard new clients.”

In Japan, Gaitame.com will use a collocated, hosted version of smartTrade’s LiquidityFX platform to access extended connectivity to liquidity providers and enhance the chance of trade execution. Taking advantage of smartTrade’s fast access to a large FX liquidity pool with fewer technical issues, the company also aims to optimise costs and improve its offer to retail clients.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

Exactpro Wins Award for Most Innovative Professional Development Initiative in A-Team Group Innovation Awards 2024

Exactpro has won the award for Most Innovative Professional Development Initiative in A-Team Group’s Innovation Awards 2024. These annual awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies and techniques to deliver high-value solutions for financial institutions in capital markets. Exactpro’s professional development initiative was selected as an...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...