smartTrade and TickTrade Join Forces to Become a Global Leader in SaaS FX Trading Platforms | Your money
AIX-EN-PROVENCE, France & TORONTO – (BUSINESS WIRE) – November 22, 2021–
smartTrade Group (“smartTrade”), a leader in multi-asset electronic trading solutions, today announced the acquisition of TickTrade Systems Inc. (“TickTrade”), a Toronto-based technology company providing solutions Next-generation foreign exchange trading and payment SaaS for financial institutions.
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Both companies provide liquidity management solutions and FX trading systems that enable financial institutions to develop and operate high performance trading platforms around the world. Together, the company will serve a truly global customer base in North America, Europe and Asia.
The combination of smartTrade and TickTrade represents a compelling strategic fit providing clients with highly complementary SaaS e-currency trading products. The combined company will offer the best of two industry-leading FX trading technologies; SmartTrade’s connectivity, aggregation and risk management technology with TickTrade’s analytics, payments and rich advanced distribution technology.
The company will operate as smartTrade and David Vincent, CEO of smartTrade, will lead the combined organization as CEO. TickTrade co-founders Baha Ohcebol and Alexander Culiniac will retain leadership positions within the combined company, while remaining significant investors in the group.
Hg, a leading software and services investor who has supported smartTrade since 2020, will remain the majority investor in the combined group, alongside longtime investors Keensight and PlÃ©iade Venture. Terms of the transaction were not disclosed.
David Vincent, CEO and co-founder of smartTrade Group, said: âFor clients of smartTrade and TickTrade, the combination is extremely compelling. It brings together two cutting-edge technologies, one complementing each other, creating a unique range and depth of product capabilities. “
Baha Ohcebol, Co-Founder of TickTrade, said: âThis is great news for TickTrade clients. Having the support of smartTrade and Hg means that we can significantly support each other and continue to innovate the products that our customers value greatly. It also provides further opportunities for product collaboration, wider distribution and cutting edge innovation, which means we can deliver even better services to even more customers.
Alexander Culiniac, Co-Founder of TickTrade, said: âThis is great news for the TickTrade clients who have supported us and for the employees who have worked so hard to grow the business to this point since we founded. TickTrade for the first time in 2013. smartTrade is a highly innovative company and this next move in corporate history supports our vision to be the premier integrated trading technology partner for financial institutions, providing innovative solutions and world class in all asset classes.
About TickTrade Systems Inc.
TickTrade Systems Inc. is a Toronto-based e-commerce SaaS software solutions company with operations in North America, Europe and Asia. The company was founded in 2013 by capital markets experts who believed the industry lacked solutions that could meet its rapidly changing needs through the use of new technology. They set out to unleash the way a trading platform should be built. Their model offers a complete end-to-end trading and payment solution that covers pre- and post-trade workflows for spot forex, futures, swaps, NDFs, time options, options FX and global payments. TickTrade’s modular components easily meet specific needs and integrate with proprietary systems, reducing time-to-market and technology investments. The platform’s AI-powered analytics and reporting solutions enable clients to capture, analyze and forecast the behavior of clients, industry, and liquidity providers. www.ticktradesystems.com.
About smartTrade Technologies
smartTrade Technologies, a pioneer in multi-asset electronic trading solutions, offers innovative and intelligent technology that allows you to focus on your trading and grow your business while reducing the total cost of ownership and allowing you to quickly adapt to changes. changing industry demands.
smartTrade Technologies provides end-to-end agile trading solutions supporting FX, Fixed Income, Equity and Derivatives asset classes with connectivity to over 130 liquidity providers, aggregation, routing intelligent orders, order management, pricing, distribution, risk management capabilities and an HTML5 user interface. We work with a variety of clients ranging from banks, brokers and hedge funds to proprietary trading desks. LiquidityFX for FX and smartFI for Fixed Income are solutions available only as software or as a fully managed and hosted service, co-located in all major marketplaces around the world. For more information, visit www.smart-trade.net.
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CONTACT: smartTrade Group
+33 (0) 7 57 43 77 27
KEYWORD: UNITED KINGDOM FRANCE CANADA NORTH AMERICA ASIA PACIFIC EUROPE
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY FINANCE SOFTWARE BANKING
SOURCE: smartTrade Technologies
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PUB: 11/22/2021 6:00 a.m. / DISC: 11/22/2021 6:02 a.m.
Copyright Business Wire 2021.