ATB Financial, a Canadian financial institution and the largest public bank in North America, has onboarded
smartTrade, a France-based provider of multi-asset electronic trading
platforms, as its “client-facing foreign exchange (FX) web platform.” Both
organizations announced the development on Thursday in a joint statement.
ATB, which boasts of $59.1 billion in assets, explained that
smartTrade’s “sophisticated pre-trade, trade, post-trade and payments
workflows” meets its need for a vendor that understands forex distribution and
trading and has the required technology.
“smartTrade was able to provide a true end-to-end solution, including
connectivity to liquidity providers and support teams that can cater to the
custom needs of our client base,” Ryan Rabin, the Vice President of Banking
& Payment Solutions at ATB Financial, explained.
Rabin added that smartTrade’s experience in integrating many “book of
record providers” and payment engines helped in speeding up its onboarding into
the trading provider’s FX solution.
For his part, David Vincent, CEO and Founder of smartTrade noted that his company’s “sophisticated functionality” made it possible for ATB to cut its dependence on manual
processes. As a result of the partnership, the Alberta-based public bank has been able to “free up internal resources whilst offering
an improved service to its clients,” Vincent added.
Watch the FMLS22 session on the how trading technology is advancing.
Meanwhile, the partnership with ATB comes over a year after smartTrade acquired TickTrade Systems, a Toronto-based
forex trading and payments SaaS solution provider. SmartTrade said it finalized
the acquisition last year and completed the integrations of all products and teams
globally.
Furthermore, smartTrader recently disclosed that it recorded “a highly successful 2022” as it expanded into
the UK, Japan, United States, Switzerland and the Nordic region. The company also said it opened a Paris office and strengthened its
executive leadership team with new hires across Europe.
smartTrade is delighted to report a successful 2022, during which the company has continued to build on the achievements of previous years. Read the full story: https://t.co/paGYlG6TH2 pic.twitter.com/WnTVnxKfL0
— smart-trade.net (@smarttrade_tech) January 12, 2023
Moreover, Finance Magnates reported that the technology provider’s UK
subsidiary managed to stay profitable in 2022 with a net profit of
£206,885 despite a challenging fiscal year. However, the subsidiary’s annual turnover went down by 4.5% year-over-year to £12.5 million during the period.
“2023 will see a strong focus on growth. With the integration of
TickTrade now complete, we have our sights set on new acquisitions as a way of
expanding both our product offering and our geographical coverage,” Vincent
noted in a recent statement.
ATB Financial, a Canadian financial institution and the largest public bank in North America, has onboarded
smartTrade, a France-based provider of multi-asset electronic trading
platforms, as its “client-facing foreign exchange (FX) web platform.” Both
organizations announced the development on Thursday in a joint statement.
ATB, which boasts of $59.1 billion in assets, explained that
smartTrade’s “sophisticated pre-trade, trade, post-trade and payments
workflows” meets its need for a vendor that understands forex distribution and
trading and has the required technology.
“smartTrade was able to provide a true end-to-end solution, including
connectivity to liquidity providers and support teams that can cater to the
custom needs of our client base,” Ryan Rabin, the Vice President of Banking
& Payment Solutions at ATB Financial, explained.
Rabin added that smartTrade’s experience in integrating many “book of
record providers” and payment engines helped in speeding up its onboarding into
the trading provider’s FX solution.
For his part, David Vincent, CEO and Founder of smartTrade noted that his company’s “sophisticated functionality” made it possible for ATB to cut its dependence on manual
processes. As a result of the partnership, the Alberta-based public bank has been able to “free up internal resources whilst offering
an improved service to its clients,” Vincent added.
Watch the FMLS22 session on the how trading technology is advancing.
Meanwhile, the partnership with ATB comes over a year after smartTrade acquired TickTrade Systems, a Toronto-based
forex trading and payments SaaS solution provider. SmartTrade said it finalized
the acquisition last year and completed the integrations of all products and teams
globally.
Furthermore, smartTrader recently disclosed that it recorded “a highly successful 2022” as it expanded into
the UK, Japan, United States, Switzerland and the Nordic region. The company also said it opened a Paris office and strengthened its
executive leadership team with new hires across Europe.
smartTrade is delighted to report a successful 2022, during which the company has continued to build on the achievements of previous years. Read the full story: https://t.co/paGYlG6TH2 pic.twitter.com/WnTVnxKfL0
— smart-trade.net (@smarttrade_tech) January 12, 2023
Moreover, Finance Magnates reported that the technology provider’s UK
subsidiary managed to stay profitable in 2022 with a net profit of
£206,885 despite a challenging fiscal year. However, the subsidiary’s annual turnover went down by 4.5% year-over-year to £12.5 million during the period.
“2023 will see a strong focus on growth. With the integration of
TickTrade now complete, we have our sights set on new acquisitions as a way of
expanding both our product offering and our geographical coverage,” Vincent
noted in a recent statement.