The aggregation and smart order routing parts of LiquidityFX will be used by SBI Liquidity, which decreases time-to-market for rollout of sophisticated FX trading systems and enables customers to control their IT expenses.
SBI Liquidity Market representative director and president Tatsuo Shigemitsu said the technology was deployed with an aim to create a robust FX trading system for its high volume client transactions in a short space of time.
The smartTrade’s solution was deployed due to its quick turnaround time as well as its proven track record among global banks and other financial institutions, Shigemitsu said.
Set up in 2008, SBI Liquidity Market delivers secure FX liquidity, and infrastructure to financial institutions including security houses, or retail FX companies.
smartTrade was established in 1999 to offer liquidity management systems, to allow banks to develop multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customized pricing to clients, receive and manage client order flow.
Managing multiple asset classes, the system is being used in production across the world, supporting foreign exchange, fixed income, equities, rates, and many other instrument types.
