FXSpotStream® and smartTrade Technologies Join Forces to Create the 4X|Box
FXSpotStream® and smartTrade Technologies join forces to create the 4X|Box – a combination of smartTrade’s LiquidityFX trading tools and FXSpotStream®’s multibank FX price aggregation Service New-York, Paris & Aix en Provence, April 30th, 2014 FXSpotStream®, a consortium owned multibank FX price aggregation service, and smartTrade Technologies, leader in cross-asset liquidity management software and solutions, today announced the launch of the 4X|Box, a joint offering that combines the best of smartTrade’s trading tools and functionality with FXSpotStream®’s no cost, bilateral, transparent FX price aggregation Service. Using the 4X|Box clients have access via a single aggregated stream to FXSpotStream®’s brokerage free, fully disclosed bilateral pricing from nine FX global liquidity providing banks, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley and UBS. Clients are able to use a vast array of trading tools, including aggregation, smart order routing, order and risk management and reporting provided by smartTrade’s LiquidityFX trading solution. Alan F. Schwarz, CEO of FXSpotStream®, stated “The 4X|Box brings to market a unique, fully integrated end-to-end technology and liquidity solution not previously available to FX market participants. It combines the best FXSpotStream® and smartTrade Technologies offer their clients today and leverages the longstanding relationship FXSpotStream® has established with smartTrade. As we continue to grow our service offering we will leverage functionality and tools our technology partners are already making available to our clients and make those tools available to all of our clients interested in transacting with the leading FX banks on a bilateral, fully disclosed no brokerage basis.” The 4X|Box provides existing streaming liquidity via a single connection and significantly reduces the cost and time to market. Hosted in New York, London and Tokyo, the 4X|Box allows clients the ability to transact via a stable, very low latency performing infrastructure with fast, stable and fault tolerant systems. 4X|Box clients have the flexibility to receive the price streams either via a single API or through a dedicated smartTrade LiquidityFX application. Monitoring is performed via one set of unique software and hardware monitoring tools. The 4X|Box is supported by a global 24/7 on-boarding, software, technical and production infrastructure support team. David Vincent, smartTrade’s Co-Founder and Chief Executive Officer, added “Such collaboration is unique in our industry and smartTrade is delighted to unite its award winning applications and services with the unmatched service of FXSpotStream®. smartTrade shares FXSpotStream®’s philosophy on transparency and no brokerage fee structure and our cloud offers highly advanced functionalities to both buy-side and sell-side clients.”
About smartTrade Technologies
Founded in 1999, smartTrade provides sophisticated Liquidity Management Systems, enabling banks to develop 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 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.
About FXSpotStream®
FXSpotStream® provides a multibank FX aggregation service to clients for the purpose of executing Spot FX and Precious Metals trades. Banks connected to FXSpotStream® serve as liquidity providers to clients. FXSpotStream® functions as a market utility, providing the infrastructure that facilitates the multibank GUI and API to route trades from clients to liquidity providers. Clients access a GUI or single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all liquidity providing banks connected to the FXSpotStream® solution. FXSpotStream® does not charge brokerage fees to clients or liquidity banks.
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