Sucden Financial, a UK-based institutional FX and derivatives broker, has integrated smartTrade’s fully hosted FX solution, LiquidityFX. The new accord will help shore up Sucden’s need for connectivity to a wide range of liquidity providers, as well as bolstering its aggregation, order routing, pricing and distribution capabilities.
LiquidityFX is one of smartTrade’s flagship products that encompass several software components, designed to help FX trading services on a customized basis. The solution operates as a trading system that is compatible with FX Spot, forwards, contracts-for-difference (CFDs), and metals. Of particular note, the module will also help provide Sucden Financial with the LD4 matching engine and ECN connectivity for its non-bank prime products.
Improved Risk Coverage Features
Sucden Financial’s decision to rely on smartTrade will also yield access to the LiquidityFX credit margin module. This solution emphasizes clients who engage in large volume trades as well as those who leverage their cash position – importantly, Sucden Financial will be able to monitor and manage these clients’ risk management in real-time, improving overall coverage and mitigating any potential for broader account losses.
Wayne Roworth, Co-Head of eFX at Sucden Financial, commented: “smartTrade were well placed to provide us with the necessary tools to help us accomplish our expansion plans. Their ability to provide specific features such as an LD4 matching engine and ECN connectivity for our non-bank prime products were critical milestones for us.”
“Our consultative approach enables us to understand clients’ requirements and is key to a successful implementation and delivery. We believe that our strong experience in providing solutions for the FX brokers is a key asset in helping Sucden Financial achieve their growth objectives,” noted David Vincent, Chief Executive Officer of smartTrade Technologies.
The collaboration with smartTrade continues Sucden’s expansionary plans, which recently included a strengthening of its institutional services as part of a significant investment plan. This saw Sucden launch an over-the-counter (OTC) FX Options product last month. The introduction of this product helped fill an important role in the FX market for retail brokers who can hedge their exposure to the markets more efficiently.