smartTrade acquires TickTrade for FX analytics, payments, and distribution capabilities

Rick Steves

Clients will gain access to the best of both worlds: smartTrade’s connectivity, aggregation, and risk management technology and TickTrade’s analytics, payments, and advanced distribution technology.

smartTrade has acquired TickTrade Systems as the multi-asset electronic trading solutions provider aims to leverage the FX trading and payments capabilities and footprint of the Toronto-based technology firm’s.

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.

Clients will gain access to the best of both worlds: smartTrade’s connectivity, aggregation, and risk management technology and TickTrade’s analytics, payments, and advanced distribution technology.

David Vincent, Chief Executive Officer and Co-Founder at smartTrade Group, said: “For both smartTrade and TickTrade customers, the combination is extremely compelling. It brings two industry-leading technologies together – one complementing the other, creating a unique breadth and depth of product capabilities.”

Baha Ohcebol, Co-Founder of TickTrade, said: “This is great news for TickTrade customers. To have the backing of smartTrade and Hg means we can significantly build on and continue to innovate the products we know our clients highly value. This also offers further opportunities for product collaboration, wider distribution and cutting-edge innovation – meaning we can bring even better services to even more clients.”

Alexander Culiniac, Co-Founder of TickTrade, said: “This is great news for TickTrade’s customers who have supported us and for employees who have worked so hard to build the business to this stage since we first founded TickTrade back in 2013. smartTrade is a highly innovative company and this next move in the business’ history supports our vision to be the premier integrated trading technology partner for financial institutions, providing innovative and world-class solutions across all asset classes.”

Chief executive David Vincent will lead the combined organization as its CEO, while TickTrade co-founders, Baha Ohcebol and Alexander Culiniac, will maintain senior management roles within the combined business, while also remaining significant investors in the group.

Hg is the majority investor in the combined group since 2020 and will remain that way, along with longstanding investors Keensight and Pléiade Venture.

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