ATB Financial goes live with smartTrade’s FX platform

Rick Steves

“Our team’s wealth of experience in financial markets meant that we fully understood ATB’s needs. smartTrade’s sophisticated functionality has allowed the bank to reduce its reliance on manual processes and free up internal resources whilst offering an improved service to its clients.”

Alberta-based ATB Financial has deployed smartTrade as its client-facing foreign exchange (FX) web platform in order to deliver an exceptional experience to its more than 800,000 clients, representing $59.1 billion in assets.

Benefits include connectivity to more than 130 liquidity providers, tailored aggregation, smart execution, risk management, order management, analytics, payments, and multi-channel distribution.

ATB Financial was looking for a digital platform with sophisticated pre-trade, trade, post-trade, and payments workflows packaged in an easy-to-use format, integrated with sales tools for their team members. smartTrade provides multi-asset electronic trading platforms supporting foreign exchange, fixed Income, crypto and derivatives.

A vendor with a strong reputation in FX distribution and trading

Ryan Rabin, Vice President of Banking & Payment Solutions at ATB Financial, commented: “We were looking for a vendor with a strong reputation, an understanding of FX distribution and trading, as well as the technology to support it. smartTrade was able to provide a true end-to-end solution, including connectivity to liquidity providers and support teams that can cater to the custom needs of our client base. Their experience integrating with a large number of book of record providers and payment engines also made the integration process fast and straightforward.”

David Vincent, CEO and Founder of smartTrade Technologies, said: “Our team’s wealth of experience in financial markets meant that we fully understood ATB’s needs. smartTrade’s sophisticated functionality has allowed the bank to reduce its reliance on manual processes and free up internal resources whilst offering an improved service to its clients.”

smartTrade launched LFX-NG following integration of Toronto-based TickTrade Systems

In 2022, smartTrade launched a combined LiquidityFX next-generation (LFX-NG) platform following the acquisition and integration of Toronto-based TickTrade Systems.

Operating under the smartTrade name, the combined company delivers industry-leading FX trading technologies to a global client base across Europe, North America, and Asia.

During the four months after the acquisition of TickTrade Systems, the firm’s more than 280 FX experts across the globe have pooled their collective knowledge to re-invent electronic trading to meet today’s new market structure challenges.

Combining the best of both pre-existing solutions, the new LFX-NG solution relies on a scalable ultra-low latency cloud platform to offer a wide range of modules from AI-driven analytics to cryptocurrencies trading through advanced workflows for all client segments.

The fully integrated workflows cover spot, forward, NDF’s, Options, Cryptocurrencies, Payment Routing, all underpinned by AI predictive analytics. The LFX-NG solution can be deployed as a full stack or individual modules meaning it’s never been easier to integrate. LFX-NG allows for tailored pricing and trading strategies to be developed and rolled out in a matter of months.

Both companies provide liquidity management solutions and FX trading systems that enable financial institutions to develop and run high-performance trading platforms throughout the world. The business will serve a truly global client base across North America, Europe and Asia.

Combining both smartTrade and TickTrade into a single entity is expected to provide a “compelling strategic fit” for customers as the highly complementary SaaS, electronic FX trading products can deliver the best of both industry-leading FX trading technologies.

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