HSBC Global Markets is implementing order routing technology from Smart Trade Technologies to support its capital markets trading operations.
Paris-based Smart Trade says its order routing and auto-execution middleware, SmartTrade, will manage transactional flows between HSBC's market-making centres, traders, sales teams and clients.
The smartTrade global order book supports various reconfigurable order types across any asset class and will enable rules-based trading.
The first component of the system went live in July 2005.