From the Wires
MKS Selects smartTrade’s Liquidity Management System for Precious Metals Pricing
By: Business Wire
Jan. 16, 2013 03:00 AM
smartTrade Technologies today announced that MKS (Switzerland) SA (MKS) has selected smartTrade’s Liquidity Management System (LMS) to handle its physical customer pricing. The system will provide end-to-end market connectivity, pricing configuration and distribution, order management and smart order routing.
MKS is a part of a precious metals group of companies specializing in all aspects of gold and other precious metals processing. “The new pricing platform permits us to better serve our clients depending on their specific need,” said Thierry Habib, Vice President, Metal Sales of MKS. “We are refreshing our pricing platform using smartTrade in order to improve risk management and provide more functionality.”
“We selected smartTrade’s LMS to allow us to improve functionality and performance for both customer and dealer systems,” said Habib. “The new system will have many new features for our clients.”
Harry Gozlan, smartTrade’s CEO said, “We are thrilled to have the opportunity to serve MKS. Strategically, MKS’s and smartTrade’s objectives are very well-aligned. Our ability to quickly incorporate precious metals functionality into the LMS is further proof of the flexibility of smartTrade’s cross-asset capabilities.”
David Vincent, smartTrade CTO said, “The MKS implementation is in-line with smartTrade’s wider-strategy for supporting complex client order types and price distribution in FX Products and Precious Metals. The project will complement smartTrade’s plans to extend out the successful Liquidity package into price distribution, back-to-back auto hedging and a sophisticated order management system.”
About smartTrade Technologies
Founded in 1999, smartTrade provides sophisticated liquidity management systems, multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customized pricing to clients, receive and manage client order flow, internalize liquidity and/or route it to external venues while managing state throughout the order lifecycle, implement smart order routing using proprietary algorithms, and connect electronically to any number of venues regardless of messaging protocols. The system handles multiple asset classes and is in production globally supporting foreign exchange, fixed income, equities, rates, and many other instrument types.
MKS is a precious metals group of companies specializing in all aspects of gold and other precious metals processing. It develops and maintains long-term relationships, and offers a wide range of services in those markets. MKS draws from more than 50-years of experience.
The Group is headed by an uncommonly experienced team of precious metals professionals and over 500 employees worldwide in 16 offices on five continents.
For more information, visit www.smart-trade.net.
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