ATB Financial taps smartTrade for FX Solution

ATB Financial, the largest public bank in North America, has selected smartTrade, a France-based provider of multi-asset electronic trading platforms, as its client-facing foreign exchange (FX) web platform. The two organizations announced the partnership on the 26th of January in a joint statement.

ATB Financial, which has $59.1 billion in assets, chose smartTrade for its sophisticated pre-trade, trade, post-trade, and payments workflows that met the bank’s needs for a vendor that understands forex distribution and trading and has the necessary technology.

Ryan Rabin, the Vice President of Banking & Payment Solutions at ATB Financial, said that smartTrade was able to provide a true end-to-end solution, including connectivity to liquidity providers and support teams that can cater to the custom needs of its client base. Rabin added that smartTrade’s experience with integrating many book of record providers and payment engines helped in speeding up its onboarding into the trading provider’s FX solution.

David Vincent, the CEO and Founder of smartTrade, noted that the company’s sophisticated functionality made it possible for ATB Financial to reduce its dependence on manual processes. As a result of the partnership, the Alberta-based public bank has been able to free up internal resources whilst offering an improved service to its clients, Vincent added.

The partnership with ATB Financial comes over a year after smartTrade acquired TickTrade Systems, a Toronto-based forex trading and payments SaaS solution provider. SmartTrade said it finalized the acquisition last year and completed the integrations of all products and teams globally.