Bank of China picks tech from smartTrade for its electronic forex platform

The Hong Kong unit of Bank of China has picked technology from smartTrade for its electronic foreign exchange platform; the firm was chosen due to its solid reputation in the industry, in particular the banking community. Chinese banks have been gradually expanding into the electronic foreign exchange space with their increasing balance sheets and growing client needs. 

HONG KONG--(BUSINESS WIRE)--smartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by Bank of China (Hong Kong), a leading regional bank in Hong Kong, to deliver a cutting edge low latency e-FX platform.

Over recent years, as its e-FX business has grown significantly, Bank of China (Hong Kong) has been searching for a more scalable next generation e-FX system, capable of supporting a larger client base and handling increasing trading volumes. After a thorough review process, Bank of China (Hong Kong) decided to choose smartTrade for its reputation among the banking community, its e-FX platform aggregation capabilities, its sophisticated customizable client pricing distribution system and its powerful user interface.

“It is a recognition of the quality of the product’s design and performance that Bank of China (Hong Kong) has chosen our platform. We are very excited to support Bank of China (Hong Kong)’s e-FX growth with our proven platform, LiquidityFX, which will allow them to enhance their execution and risk management efficiency. By taking advantage of our robust and low latency platform, we will meet their needs in terms of flexibility, scalability, and performance. We see a perfect match between a large visionary institution like Bank of China (Hong Kong) and a focused technology company.” said David Vincent, CEO of smartTrade Technologies.

Michael Ng, Head of EFX trading at Bank of China (Hong Kong), said “Electronic trading is growing rapidly in currency markets. Hence, we would like to develop a new platform to better serve our growing corporate and institutional clients.”

About smartTrade Technologies

Founded in 1999, smartTrade is a global leader in sophisticated cross-asset Liquidity Management Systems, supporting Foreign Exchange, Fixed Income, Equities and Commodities. smartTrade works with a variety of clients ranging from tier 1 banks to broker-dealers, buy-side, regional and private banks, as well as retail institutions who leverage smartTrade’s technology across their global electronic trading platforms. smartTrade’s agile multi-asset end-to-end trading solutions are based on a number of modular components which can be used either standalone or combined to provide Connectivity, Aggregation, Smart-Order Routing, Matching/Internalisation and Distribution.

smartTrade also offers end-to-end trading solutions for Foreign Exchange and Fixed Income. These solutions, LiquidityFX and smart-FI, are available as software only or fully managed/hosted, taking advantage of smartTrade’s private cloud. For more information, visit www.smart-trade.net.