SmartTrade Technologies has launched LiquidityFX, a packaged spot FX aggregation and smart order routing system. Thanks to its extensive FX connectivity, LiquidityFX aggregates and harmonizes more than 25 exchanges, ECNs and single bank platforms, displaying their best prices at each size. The smart order router (SOR) manages executions to capture best prices while protecting relationships with liquidity providers, which is key when trading FX. LiquidityFX prioritizes venues based on the freshest prices and highest likelihood of execution and breaks up large orders across multiple venues to capture a better average price and reduce market impact. Liquidity FX is available in both hosted and stand-alone options.
“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,” says Harry Gozlan, CEO of smartTrade.