Bank of China (Hong Kong), a major regional bank in Hong Kong, has selected provider of liquidity management systems smartTrade Technologies to deliver a low latency e-FX platform.
Over the past several years, along with the growth of its e-FX business, Bank of China (Hong Kong) has been looking for a more scalable next generation e-FX system, capable of supporting a larger client base and handling higher trading volumes. Following a thorough review process, Bank of China (Hong Kong) decided to select smartTrade for its reputation among the banking community, its e-FX platform aggregation capabilities, its sophisticated customizable client pricing distribution system and its powerful user interface.
David Vincent, CEO of smartTrade Technologies, said,
“It is a recognition of the quality of the product’s design and performance that Bank of China (Hong Kong) has chosen our platform. We are very excited to support Bank of China (Hong Kong)’s e-FX growth with our proven platform, LiquidityFX, which will allow them to enhance their execution and risk management efficiency. By taking advantage of our robust and low latency platform, we will meet their needs in terms of flexibility, scalability, and performance. We see a perfect match between a large visionary institution like Bank of China (Hong Kong) and a focused technology company.”
“It is a recognition of the quality of the product’s design and performance that Bank of China (Hong Kong) has chosen our platform. We are very excited to support Bank of China (Hong Kong)’s e-FX growth with our proven platform, LiquidityFX, which will allow them to enhance their execution and risk management efficiency. By taking advantage of our robust and low latency platform, we will meet their needs in terms of flexibility, scalability, and performance. We see a perfect match between a large visionary institution like Bank of China (Hong Kong) and a focused technology company.”Michael Ng, Head of EFX trading at Bank of China (Hong Kong), said,
“Electronic trading is growing rapidly in currency markets. Hence, we would like to develop a new platform to better serve our growing corporate and institutional clients.”
You can view the full announcement on the collaboration by clicking here.