The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

smartTrade Teams with NTT Data to Build Precious Metals Trading Platform for Asahi Pretec

French trading systems specialist smartTrade Technologies has teamed up with Japanese systems integrator NTT Data to deliver a next-generation precious metals trading platform for Asahi Pretec, a precious metals recycling company based in Tokyo.

The Asahi Pretec contract builds on smartTrade’s recent success at Mizuho Japan, which selected the company’s LiquidityFX platform as the basis for its next-generation foreign exchange trading systems. The deal also underscores smartTrade’s positioning as a provider of multi-asset trading solutions. The company has long offered solutions for the foreign exchange marketplace (LiquidityFX) and the fixed-income market (smartFI), and recently added crypto currency capability through a project at SEBA Financial.

At Asahi Pretec, smartTrade’s platform will provide market connectivity, pricing and distribution as well as risk and post-trade management. The hosted solution will provide low-latency connectivity, as well as highly flexible and customisable pricing and distribution.

The solution will be used to underpin Asahi Pretec’s expansion of its trading operations, and future-proof against emerging business and regulatory requirements. The hosted configuration offered Asahi Pretec a cost-effective solution with a quick time to market.

According to Hiroyuki Nakanishi, president of Asahi Pretec: “We had an immediate need for a flexible technology platform to price and distribute our precious metal prices to support Asahi’s global expansion. Not only does smartTrade’s high quality proven technology comprehensively address our specific business needs, it also ensures a fast and quick time to market.”

Related content

WEBINAR

Recorded Webinar: FRTB: Laying the groundwork for compliance

The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and...

BLOG

2021: Brexit, No Equivalence and the Day of the SEF

By Kirston Winters, Managing Director – MarkitSERV, IHS Markit. The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments from the United Kingdom (UK). This left many firms with conflicting and incompatible DTOs in the...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...