SBI Liquidity Market Enhances Partnership with smartTrade

Multi-asset electronic trading solutions provider, smartTrade Technologies announced on Monday that the company has expanded its partnership with SBI Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Market, one of the largest FX infrastructure solution and Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term in Japan.

According to the recently expanded partnership, smartTrade will provide support for SBI FXTRADE’s cryptocurrency derivative trading operations. Additionally, SBI has shifted its trading facility into smartTrade’s Tokyo data center as part of the latest agreement.

SBI has been a client of smartTrade since 2013 when the financial services provider selected LiquidityFX as its connectivity, aggregation and smart order routing partner to achieve efficient execution.

Additionally, smartTrade highlighted the latest surge in retail and institutional crypto trading across the Japanese market. Both companies are planning to facilitate Japanese cryptocurrency traders amid the growing adoption of digital assets in the region.

Commenting on the partnership expansion, David Vincent, Co-Founder and Chief Executive Officer of smartTrade Technologies, said: “This unprecedented and volatile year demonstrated the need for high-performance trading infrastructure capable of withstanding all circumstances. We’re pleased that what we’ve been able to offer leading companies such as SBI such resilience. Today’s announcement is a vote of confidence that we will continue to work together with our customers to deliver them the infrastructure they need to succeed.”

SBI’s Crypto Presence

SBI Group has expanded its presence in the crypto market significantly since the start of 2020. In October 2020, the financial services giant purchased the crypto exchange, TaoTao. Through the recent extension of its partnership with smartTrade, the company aims to accelerate its expansion in the cryptocurrency market.

“SBI has been utilizing smartTrade’s Connectivity, Aggregation and Distribution system for years to power our foreign exchange business. We are pleased to grow this relationship as we increasingly work to meet our clients growing requirements and desire to trade in a wide variety of digital currencies. smartTrade has been the best kind of partner – one that adapts with the business, supporting our change and growth,” Itsushi Morimoto, Executive Director, SBI Liquidity Market, said.