SmartTrade Buys Kace

SmartTrade is acquiring Kace Financial, previously known as Fenics, a leading financial technology provider for FX and interest rate derivatives pricing, analytics, and workflow solutions.

The deal will allow SmartTrade to strengthen its client offering by expanding its trading and payments capabilities and to meet growing demand for multi-asset solutions under one umbrella.

The combined platform will deliver comprehensive multi-asset functionality across FX (spot, forwards, swaps, NDFs and options), fixed income, rates, cryptocurrencies, money markets, precious metals and structured products.

Marrying the ultra-low latency infrastructure of SmartTrade with the expertise of Kace in FX derivatives, will allow users to monetise trading flows, reduce risks and grow market share by benefitting from seamless end-to-end workflow, from pre-trade analytics to post-trade processing. 

David Vincent, CEO & Co-Founder at SmartTrade, described the acquisition as a “transformational moment” for joint clients, adding that integrating Kace’s deep derivatives expertise and cutting-edge analytics will allow smartTrade to “deliver even greater value” to clients.

Once the two companies are combined, its innovation roadmap will get a boost, with a strong focus on cloud transformation. Kace’s pricing, workflow and analytical tools will enhance SmartTrade’s trading and payments platform with deeper insights, AI-driven analytics and advanced machine learning capabilities across all asset classes. The integrated solution will be delivered via a SaaS model, enabling faster deployment, greater scalability, and reduced total cost of ownership for clients.

Stephen Helm, global head of sales at Kace, described the deal as an “exciting new chapter for Kace.”