London Capital hosts FX trading platform with smartTrade

Source: smartTrade Technologies

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 London Capital Group, a leading provider of online retail and private clients trading services, to deliver a fully automated and hosted FX trading platform.

“We have deployed our proven LiquidityFX solution in our private cloud in record time so that LCG is able to provide the best prices and trading experience to its clients across devices, including mobile. The rich functionalities of our platform guarantee that LCG maintains its sustainable business model. Our internalisation component also brings enormous cost efficiencies” said David Vincent, CEO of smartTrade Technologies.

LCG is leveraging smartTrade’s technology for Order Management, Smart Order Routing, Quoting, enhanced Order Execution, Risk Management, Post Trade and MT4 integration. LCG has direct access to a large list of Liquidity Providers and ECNs allowing them to benefit from highly competitive spreads.

Charles-Henri Sabet, CEO of London Capital Group, said “We continually invest in the development of our infrastructure and have taken significant steps to improve our platform scalability and competitive position, ensuring that we are well placed to promote our Spread Betting, CFD and FX products globally. We have chosen smartTrade as our trusted partner to deliver intuitive and user-friendly systems, which provide our customers with simple, fast and robust, on-line trading systems.”

LCG is already realising the cost benefits of smartTrade’s co-located cloud in New York, Tokyo and London. These include fast time to market, reduced infrastructure and support costs.

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