Desjardins selects smartTrade to enhance its FX services

Desjardins selects smartTrade to enhance its FX services

Aix en Provence, France and Montreal, Canada – 11th March 2020. smartTrade Technologies, a global leader in multi-asset electronic trading solutions, announces today that Desjardins, leading Canadian financial services company, has selected LiquidityFX, smartTrade’s fully hosted and managed Foreign Exchange (FX) platform, to provide enhanced FX services to its clients.

Desjardins was looking for an end-to-end e-FX trading solution to automate its institutional and retail FX workflows across all divisions of the bank. LiquidityFX was selected because it met all the functionality requirements while offering a very attractive and transparent flat rate and no brokerage fee for them or their liquidity providers. smartTrade’s solution includes connectivity, aggregation, pricing, distribution, risk management, post-trade and a highly customizable HTML5 user interface. In addition, thanks to smartTrade's sophisticated pricing and distribution modules, Desjardins will be able to provide its traders and retail customers with pricing on multiple currencies.

Albert Lau, Technology and Market Data Advisor at Desjardins: “We chose smartTrade because their FX solution is the best-in-class with respect to technology, functionalities and streamlined workflow processes. The decision was further bolstered by the fact that smartTrade’s services respect Desjardins’ stringent security requirements and protocols. smartTrade understands our specific needs; the professionalism and transparency demonstrated by their teams serves as a solid base to this new business relationship.

David Vincent, CEO of smartTrade Technologies commented: “We are very happy to be selected by Desjardins and that our turnkey FX solution will allow them to benefit from features that will improve their customers’ experience. We are committed to providing innovative and reliable solutions and we are delighted to see the growing adoption in the North American market.”

About Desjardins Group:
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world with assets of $295.5 billion. It has been rated one of Canada’s top 100 employers by Mediacorp Canada. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. The group has one of the highest capital ratios and credit ratings in the industry.