smartTrade Technologies, an industry leader in cross-asset liquidity management solutions for banks, broker-dealers, asset managers, and large hedge funds, today introduced its latest component, LiquidityDistributor, for customized distribution of liquidity that can be scaled to an unlimited number of users at a low latency.
As a fundamental component in the implementation of a widescale single-dealer eTrading platform for OTC products, LiquidityDistributor will enable organizations to customize and create complex matrices for their distribution of market data and prices to various types of clients including custom spreads and limits over any messaging infrastructure.
LiquidityDistributor can:
• Manage the complex matrix of clients who can be grouped into different liquidity pools with different sales spreads.
• Set multiple price tierings for the clients.
• Dynamically move clients between pools and spreads.
• Apply the credit checks before establishing a market data stream and the tradable stream.
• Automatically be interrupted in the case of a credit line violation.
• Plug multiple LiquidityDistributors into one another to distribute the data to an unlimited number of users.
• Stream customized strategies over any messaging infrastructure.
According to Harry Gozlan, founder and CEO at smartTrade, "LiquidityDistributor is a natural extension to the smartTrade platform for addressing the challenges of Liquidity Management." Gozlan continued "LiquidityDistributor as the fifth component to our existing LiquidityAggregator, LiquidityCrosser, LiquidityOrchestrator, and LiquidityConnect components to enable our customers to customize their order flow for aggregation, matching, and smart order routing and to now customize the distribution of that liquidity." smartTrade customers "will be able to create very complex patterns for their quotes, liquidity stacks, spreads and limits to fan out to their clients over any messaging infrastructure for a higher level of client servicing at a very low level of latency." As well, "smartTrade customers will have the ability to choose the combination of how they want their market data distributed including full market data, incremental, and conflated snapshots."." In this context, "the LiquidityDistributor is a proven solution for individual asset classes including FX, Fixed Income, and equities and is a natural solution for a cross-asset trading infrastructure."
LiquidityDistributor is the latest addition to the four components of smartTrade's Liquidity Management System including LiquidityAggregator for aggregation, LiquidityOrchestrator, an advanced smart order router that dynamically manages the complex routing of orders; LiquidityCrosser, a fast, scalable matching engine that can be used as a crossing engine for internalization or creating dark pools; and LiquidityConnect a low-latency connectivity framework that supports natively FIX, FIX / FAST and bespoke protocols.