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The Canadian financial institution ATB Financial, and smartTrade, an international trading platform, have created a partnership. Both parties made a joint statement on 26th January 2023, announcing that ATB Financial had integrated smartTrade Forex Solution as its online foreign exchange platform.
Details of ATB Financial integration with SmartTrade FX Solution
According to Ryan Rabin, ATB Financial's Vice President of Banking and Payment Solutions, the bank was "searching for a partner with a solid reputation and fundamental knowledge on FX trading and distribution with the requisite technology to enable it." Consequently, the bank chose smartTrade because of its comprehensive trade and payment processes.
ATB Financial also weighed the company's ability to deliver a comprehensive end-to-end solution. The bank was also looking for a company with an efficient support team to meet the needs of its increasing clientele and provide an excellent connection to liquidity providers.
David Vincent, the founder, and CEO of smartTrade, also reacted to this partnership. He stated that the company was experienced in meeting the bank's requirements. He added that smartTrade's comprehensive features would lessen the bank's reliance on manual processes.
About ATB Financial
ATB Financial, formerly Alberta Treasury Branches, was established in 1938. It is a Canadian financial institution owned by Albert, hence its name.
ATB Financial operates solely in Alberta and offers financial services to more than 800,000 people and businesses. The bank is Alberta's most prominent financial institution and North America's most extensive state bank.
About smartTrade
SmartTrade technology is a prominent global provider of multi-asset electronic trading platforms. Its primary purpose is to use its sophisticated and cost-efficient private SaaS end-to-end solution to assist its customers in achieving business growth.
The smartTrade solution offers connectivity to over 130 liquidity providers and supports fixed-income foreign exchange and cryptocurrencies. The platform's interconnection enables customizable aggregation payments, order management, smart execution analytics risk management, and multi-channel distribution.
Before this partnership, smartTrade has recorded significant feats. In 2021 it completed the acquisition of TickTrade systems, a Toronto-based saas payment solution provider. smartTrade also provides trade services on behalf of MENTALOR, a multinational firm with headquarters in Switzerland and a member of the Tanaka group.
smartTrade is renowned for its service in the global financial market. Its financial records for the previous year suggest that the company is thriving. The company recently announced its expansion to the US, UK, Japan, Switzerland, and the Nordic area. The company also announced opening an office in Paris and expanding its senior leadership team across Europe.
