Mizuho Bank Japan has selected smartTrade Technologies, a provider of multi asset, end-to-end trading solutions, to deliver its next-generation FX platform. The bank will use smartTrade’s LiquidityFX platform to centralise aggregation and optimise and internalise the management of its FX flows. This is expected to generate cost savings for Mizuho and create new opportunities for its clients.
Mizuho carried out a review process to find a proven end-to-end FX trading solution that would strengthen its position through the addition of innovative functionality delivered with a quick time to market. Mizuho’s core requirements included an advanced and open out-of-the-box solution that would allow the bank to include its own intellectual property, advanced algos and artificial intelligence (AI). It also required constant assessment of new technologies obtain further improvements.
Hiroaki Aoyama, global head of FX at Mizuho, says: “FX plays more than a central role within Mizuho Bank, both internally and through client facing channels. We will strengthen our FX business by partnering smartTrade and using its LiquidityFX platform.”
David Vincent, CEO of smartTrade Technologies, adds: “The combination of our low latency connectivity and execution stack combined with sophisticated pricing and distribution functionality will allow Mizuho to enhance its execution and risk management efficiency.”