The new solution will allow brokerages and individual traders to trade directly with each other, eliminating intermediaries. TraderTools’ customers will be able to add and manage liquidity providers and simplify connectivity to them using one common application programming interface. They will also be able to communicate with third parties and third-party applications via the Financial Information eXchange (FIX) gateway.
TraderTools and Smart Trade will extend the alliance to integrate the Smart Trade transaction platform, STTP, and the TraderTools electronic foreign exchange (eFX) STPlatform so that customers will have an order management system and liquidity management system (LMS). From this platform, they can create an internal market to aggregate FX liquidity from multiple sources, create prices, internalize and cross trades, provide for algorithmic and complex event processing trading and provide for a full eFX white-label solution.
Harry Gozlan, CEO at Smart Trade, said: This alliance provides TraderTools with the opportunity to market and support our LMS technology directly to their FX customers, while, at the same time, further expanding our presence in the growing FX marketplace. This clearly is a win -win situation, especially for TraderTools’ customers.
