Commerzbank Partners with smartTrade for FX
smartTrade Technologies has announced that its technology has been incorporated into Commerzbank's proprietary foreign exchange (FX) platforms.
The Liquidity Management System has been implemented into the bank's platform following a four-month implementation process. It aims to create a single pool of liquidity for Commerzbank's clients and traders, with internal matching engines, external routing and execution, as well as clearing, settlement and pricing functionality.
"We are very pleased to support Commerzbank as they continue to enhance their FX offering and develop new capabilities in automated FX trading," says Harry Gozlan, CEO and found at smartTrade Technologies. "One of Commerzbank's essential requirements was time-to-market, and we were able to meet their needs quickly. Our focus is to provide clients with off-the-shelf components for the core FX trading system along with a flexible API supporting standard Java, C++ and C# code, enabling the clients' team to focus on building in their ‘special sauce' while keeping their intellectual property in-house."
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