SMARTTRADE EXPANDS PARTNERSHIP WITH LEADING JAPANESE FX COMPANY SBI LIQUIDITY MARKET

KUALA LUMPUR, Aug 30 (Bernama) -- smartTrade Technologies, a pioneer in multi-asset electronic trading solutions, has announced an expanded partnership with SBI Liquidity Market, a Japanese leading FX infrastructure solution and liquidity provider.

According to a statement, smartTrade will provide support for SBI FXTRADE’s cryptocurrency derivative trading operations, which complement the existing FX business of SBI Liquidity Market.

As part of the agreement, SBI has also moved its trading facility into smartTrade’s Tokyo data centre to ensure its infrastructure is constantly monitored and refreshed as their business grows as well as to take advantage of smartTrade’s fully managed services, including enhanced security and redundancy capabilities.

The expansion comes as both retail and institutional interest in cryptocurrency trading continues to soar in the Japanese market.

Co-founder and Chief Executive Officer of smartTrade Technologies, David Vincent, said: “This unprecedented and volatile year demonstrated the need for high performance trading infrastructure capable of withstanding all circumstances.”

“We’re pleased that what we’ve been able to offer leading companies such as SBI, such resilience. Today’s announcement is a vote of confidence that we will continue to work together with our customers to deliver them the infrastructure they need to succeed.”

Meanwhile, Executive Director, SBI Liquidity Market, Itsushi Morimoto said: “We are pleased to grow this relationship as we increasingly work to meet our clients growing requirements and desire to trade in a wide variety of digital currencies. smartTrade has been the best kind of partner – one that adapts with the business, supporting our change and growth.”

SBI has been a smartTrade client since 2013, when the company chose LiquidityFX as its connectivity, aggregation and smart order routing partner to achieve best execution.

smartTrade provides agile end-to-end trading solutions supporting Foreign Exchange, Fixed Income, Equities, Derivatives (including Options), Cryptocurrencies and Money Markets.

More details at www.smart-trade.net.

-- BERNAMA