smartTrade Liquidity Management System (LMS) is the financial industry’s cross-asset liquidity management solution (LMS) that enables firms to manage their liquidity for best execution, smart routing orders for one of more asset classes across the trading room as well as across regional and global trading operations, enhanced client servicing and tighter control of flow for risk management. Used by banks, broker-dealers, asset managers and large hedge funds, smartTrade LMS can be deployed on a cross-asset basis or implemented by single or multi-asset product sets for:
- Best execution under MiFID and Reg NMS/OATS
- Internalization and crossing of orders with and without obligation of transparency
- Smart order routing (SOR), including managing and reconciling the lifecycles of orders
- High-frequency trading
- Dark pools for client trading
- Multi-leg trading
- Multi-asset trading, i.e., inter-listed securities that can be traded on multiple geographic exchanges
- Create custom distribution strategies for Market Data, Price Spreading, and Trading Limits Management
All five pillars can be used individually or in combination, allowing firms to select precisely how they need to manage their liquidity to support their unique value proposition to clients and to enhance the functionality of their existing infrastructure.
As a platform, smartTrade LMS is highly scalable, lightweight to deploy and has been implemented to very low latencies, for example, by high-frequency trading desks.