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"Liquidity management integrates market making, proprietary trading, smart order routing, internalization and agency trading with best execution in a single package to optimize the use of capital across the full range of sell-side demand. It is inherently multi-asset and multi-geography and provides a normalized model of fragmented markets on which algorithms or pricing engines can optimize their decisions."

Harry Gozlan, smartTrade Technologies, Founder & CEO


Daiwa Capital Markets Bolsters Electronic Trading Platform with smartTrade Technologies

Sat, 18 Jun 2011 04:40:15 GMT

Tokyo, New York, London, Paris & Aix en Provence, January 11, 2011 - smartTrade Technologies today announced that Daiwa Capital Markets has deployed a new Liquidity Management System to strengthen their Asian equities trading capabilities. The smartTrade LMS, market data integration capabilities, will provide Daiwa with advanced smart order routing and matching capabilities to deliver reduced transaction costs and better connectivity to the local equity market.

The emergence of alternative trading systems and dark pools will improve liquidity, price discovery and execution performance in the region. The changing landscape and market structures have forced all players in the markets to be innovative and adopt new technologies that can cater to the different investor types that range from traditional money managers to high frequency players.

The solution delivered by smartTrade Technologies enables Daiwa to create its own dark pool and SOR - DRECT that aggregates liquidity to trade anonymously, at higher speeds and lower transaction costs. Daiwa, one of the biggest brokerage house in Asia, is now able to expand its reach beyond exchanges to alternative trading venues with technology that uncovers hidden prices and liquidity to provide improved execution performance.

Daiwa's Punit Mittal, Global Head - Electronic Trading Services, stated: "The ability to implement an infrastructure that can help improve execution performance in the equities market is critical to our customers. smartTrade Technologies have provided the technology that has enabled us to create our own dark pool and deliver advanced price discovery capabilities. We can now supply our clients with premium, consolidated access to multiple venues and help them manage equity trade flows end-to-end."

Quick time to market was an important factor for Daiwa", said Harry Gozlan, CEO and Founder of smartTrade Technologies."smartTrade Technologies is the markets proven LMS platform for aggregation, crossing/internalization, smart order routing and custom distribution," Gozlan continued. "We are delighted to welcome Daiwa as a new customer and user of our Liquidity Management System (LMS). Working very closely with Daiwa has certainly played a big part on this project as a whole and is a further sign of smartTrade Technologies strong commitment to our clients and the Asian region."

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