Smart Trade Technologies Launches Multi-Product Trading Platform
smartTrade Technologies, an independent software provider for multi-product private exchanges, has launched a new version of smartTrade 2.5, a platform used by banks to develop multi-product private trading platforms. smartTrade 2.5 allow banks to controlled the distribution and business rules of – as well as access to – the trading platform. The firm said the new release extended smartTrade’s product coverage to include most assets classes traded in fixed income market, foreign exchange market, money market and equity markets. smartTrade 2.5 replicates the negotiation process that currently occurs between traders, sales and clients over the phone or in a physical exchange: any user can place orders and broadcast their trading interests to a group of selected counterparts.