TMCnet News

Bank Vontobel Selects smarttrade Technologies to Power Its FX Platform
[February 11, 2014]

Bank Vontobel Selects smarttrade Technologies to Power Its FX Platform


PARIS & ZURICH --(Business Wire)--

smartTrade Technologies announces today that Bank Vontobel, a global Swiss private bank, will introduce a new offering in Forex trading for spot, forward and swaps to its clients based on smartTrade's LiquidityFX hosted solution.

Bank Vontobel selected smartTrade LiquidityFX over other options because of its rich set of out of the box functionalities and fast time to market. The platform includes functionalities such as Connectivity, Aggregation, Order Routing, Distribution to clients and Multi Bank Platforms, Order Management and Post Trade Integration, an HTML5 user interface and detailed reporting as well as being available as a fully hosted solution.

LiquidityFX was launched in 2012 and is based on smartTrade's proven Liquidity Management System and available as software only or as a managed service. The LiquidityFX cloud offering has been increasingly successful over the past two years and smartTrade is seeing a growing demand for it especially with Tier 2Banks as well as the buy side.



Urs Bernegger, Head RM & Advisory FX/PM at Bank Vontobel, said "It is impressive how fast smartTrade delivered the solution and got us ready to trade on it. The LiquidityFX platform allows us to ramp up our forex offering and Bank Vontobel is pleased to add the services of electronic delivery for FX and PM Spot, Forwards and Swaps to our clients in the coming months".

David Vincent, smartTrade's Chief Executive Officer and CTO, said "We have witnessed an increasing adoption of our LiquidityFX cloud solution and are pleased to see clients up and running in such a short time to market. We are very excited about our partnership with Bank Vontobel and look forward to supporting their success in the FX arena".


About smartTrade Technologies

Founded in 1999, smartTrade provides sophisticated liquidity management systems, multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customised pricing to clients, receive and manage client order flow, internalize liquidity and/or route it to external venues while managing state throughout the order lifecycle, implement smart order routing using proprietary algorithms, and connect electronically to any number of venues regardless of messaging protocols. The system handles multiple asset classes and is in production globally supporting foreign exchange, fixed income, equities, rates, and many other instrument types. www.smart-trade.net

About Bank Vontobel

Vontobel's mission is to protect and build the wealth our clients have entrusted to us over the long term. Specialising in active asset management and tailor-made investment solutions, we provide responsible and forward-looking advice. In doing so, we are committed to Swiss quality and performance standards. With their good name, our owner family has stood by these principles for generations.
As of 30 June 2013, Vontobel held approximately CHF 160 bn of assets. Around 1,400 employees worldwide provide first-rate, customized services for clients with an international focus. The registered shares of Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families and the Vontobel Foundation hold the majority of shares and votes in the company. www.vontobel.com

For more information, visit www.smart-trade.net.


[ Back To TMCnet.com's Homepage ]