Bank of China Hong Kong selects smartTrade to implement next generation e-FX infrastructure

Bank of China Hong Kong selects smartTrade to implement next generation e-FX infrastructure

Hong Kong, China – 12th January 2016. smartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by Bank of China (Hong Kong), a leading regional bank in Hong Kong, to deliver a cutting edge low latency e-FX platform.

Over recent years, as its e-FX business has grown significantly, Bank of China (Hong Kong) has been searching for a more scalable next generation e-FX system, capable of supporting a larger client base and handling increasing trading volumes. After a thorough review process, Bank of China (Hong Kong) decided to choose smartTrade for its reputation among the banking community, its e-FX platform aggregation capabilities, its sophisticated customizable client pricing distribution system and its powerful user interface.

“It is a recognition of the quality of the product’s design and performance that Bank of China (Hong Kong) has chosen our platform. We are very excited to support Bank of China (Hong Kong)’s e-FX growth with our proven platform, LiquidityFX, which will allow them to enhance their execution and risk management efficiency. By taking advantage of our robust and low latency platform, we will meet their needs in terms of flexibility, scalability, and performance. We see a perfect match between a large visionary institution like Bank of China (Hong Kong) and a focused technology company.” said David Vincent, CEO of smartTrade Technologies.

Michael Ng, Head of EFX trading at Bank of China (Hong Kong), said “Electronic trading is growing rapidly in currency markets. Hence, we would like to develop a new platform to better serve our growing corporate and institutional clients.”