Multi asset end-to-end trading solutions provider for banks, brokers and asset managers, smartTrade Technologies, has been appointed to build and host the e-trading platform for R5FX, the new liquidity pool specialising in the trading of emerging market currencies.
R5FX entered its Beta testing phase yesterday.
According to smartTrade Technologies, electronic trading in emerging markets FX (EMFX) saw an increase of 300% in the 12 months to November last year. This has fuelled the need for increased efficiency, market transparency and liquidity.
“R5FX offers both bank and non-bank venues, providing equal access to Emerging Market currencies, enabling fast and efficient trading,” said Jon Vollemaere, CEO of R5FX. “We chose smartTrade’s platform as it is industry proven, robust, flexible to match our needs, and provides us with the capacity to support future market growth,” he added.
“smartTrade’s award winning platform will enable R5FX to offer its customers increased liquidity and a broader range of emerging market related instruments, some of which were not previously available,” commented David Vincent, CEO of smartTrade Technologies.
“The platform addresses the need for speed to market, HTML5 user interface customisation and will allow R5FX to quickly and seamlessly on-board new clients. smartTrade’s extensive connectivity solution compliments and enhances LiquidityCrosser, our fast, reliable and scalable matching engine that supports a variety of order types and executions,” he added.