The company claims that the new platform will help financial institutions to have access to deeper liquidity, better prices, improved hit ratios and reduced slippage.
The toll has been developed on smartTrade’s liquidity management platform and can be deployed as a hosted or standalone system.
With regard to the launch of new tool, smartTrade CEO Harry Gozlan said LiquidityFX was created to give regional banks a way to gain access to more liquidity and expand their FX businesses without having to build sophisticated FX aggregation and routing technology in-house.
"By offering such a packaged solution, we can provide our clients with access to smartTrade’s proven liquidity management components in a simplified and streamlined deployment at a lower total cost of ownership than if they ran the system in-house," Gozlan added.
The newly introduced offering has more than 25 FX exchanges, ECNs, and single bank platforms, which offers intelligent algorithmic routing strategies with improve execution quality while protecting relationships with liquidity providers.
According to smartTrade, LiquidityFX combines the pricing feeds and complement the information, offers a real time view of the top of book and market depth while preserving the unique characteristics of the prices for use by the smart order router.
