smartTrade Technologies, a global leader in multi asset end-to-end trading solutions for Banks, Brokers and Asset Managers, has been appointed to build and host the e-trading platform for R5FX, the new liquidity pool specialising in the trading of emerging market currencies.
Electronic trading in emerging markets FX (EMFX) has seen an increase of 300% in the last year*. This has fuelled the need for increased efficiency, market transparency and liquidity.
“R5FX offers banks and institutional traders a venue that provides equal access to Emerging Market currencies, enabling fast and efficient trading,” said Jon Vollemaere, CEO of R5FX. “We chose smartTrade’s platform as it is industry proven, robust, flexible to match our needs, and provides us with the capacity to support future market growth,” he added.
“smartTrade’s award winning platform will enable R5FX to offer its customers increased liquidity and a broader range of emerging market related instruments, some of which were not previously available,” commented David Vincent CEO of smartTrade Technologies. “The platform addresses the need for speed to market, HTML5 user interface customization and will allow R5FX to quickly and seamlessly on-board new clients. smartTrade’s extensive connectivity solution compliments and enhances LiquidityCrosser, our fast, reliable and scalable matching engine that supports a variety of order types and executions,” he added.
R5FX is the new liquidity pool for eNDFs and EMFX, which focuses on leading the market evolution from voice to screen in BRIC and N-11 currency trading. Upcoming regulation requires FX trading banks to change their trading channels for the BRIC, N-11 and other emerging market/NDF currency pairs. R5FX provides a faster, more efficient, regulatory alternative for institutions wanting to benefit from ‘FX trading in the New World’. www.r5fx.com
* Quote: 26 Nov 2014 – Electronic EM FX trading specifically has seen a 300% increase in the last 12 months, according to Deutsche Börse