SmartTrade and FXSpotStream team on 4X|Box offering

Source: smartTrade Technologies

FXSpotStream, a consortium owned multibank FX price aggregation service, and smartTrade Technologies, leader in cross-asset liquidity management software and solutions, today announced the launch of the 4X|Box, a joint offering that combines the best of smartTrade's trading tools and functionality with FXSpotStream's no cost, bilateral, transparent FX price aggregation Service.

Using the 4X|Box clients have access via a single aggregated stream to FXSpotStream's brokerage free, fully disclosed bilateral pricing from nine of the FX global liquidity providing banks, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley and UBS. Clients are able to use a vast array of trading tools, including aggregation, smart order routing, order and risk management and reporting provided by smartTrade's LiquidityFX trading solution.

Alan F. Schwarz, CEO of FXSpotStream, stated "The 4X|Box brings to market a unique, fully integrated end-to-end technology and liquidity solution not previously available to FX market participants. It combines the best FXSpotStream and smartTrade Technologies offer their clients today and leverages the longstanding relationship FXSpotStream has established with smartTrade. As we continue to grow our service offering we will leverage functionality and tools our technology partners are already making available to our clients and make those tools available to all of our clients interested in transacting with the leading FX banks on a bilateral, fully disclosed no brokerage basis."

The 4X|Box provides existing streaming liquidity via a single connection and significantly reduces the cost and time to market. Hosted in New York, London and Tokyo, the 4X|Box allows clients the ability to transact via a stable, very low latency performing infrastructure with fast, stable and fault tolerant systems. 4X|Box clients have the flexibility to receive the price streams either via a single API or through a dedicated smartTrade LiquidityFX application. Monitoring is performed via one set of unique software and hardware monitoring tools. The 4X|Box is supported by a global 24/7 on-boarding, software, technical and production infrastructure support team.

David Vincent, smartTrade's Co-Founder and Chief Executive Officer, added "Such collaboration is unique in our industry and smartTrade is delighted to unite its award winning applications and services with the unmatched service of FXSpotStream. smartTrade shares FXSpotStream's philosophy on transparency and no brokerage fee structure and our cloud offers highly advanced functionalities to both buy-side and sell-side clients."

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