SmartTrade Extends Reached into Listed Market

SmartTrade Technologies has extended its reach into capital markets with the acquisition of Celoxica, a specialist provider of execution infrastructure for listed equities, futures, fixed income, and options.

Celoxica delivers trading services across 80+ venues worldwide and SmartTrade says the deal extends its coverage from OTC to listed markets, and from orchestration and pricing to execution infrastructure. It adds that the firms offer complementary layers of the front-office stack – SmartTrade at the workflow orchestration, pricing, and distribution layer across trading, FX derivatives, and payments; Celoxica at the risk and execution infrastructure layer, where its feed handlers, market access gateways, and order execution engines deliver deterministic, microsecond-to-nanosecond execution with in-line pre-trade risk. Together, SmartTrade says the two combined group “covers more of the trading stack than either company could alone”.

The firms are also looking to scale their client segments by opening Celoxica’s technology to SmartTrade’s clients. “This transaction expands SmartTrade’s ecosystem of global, multi-asset trading and payments solutions to include Celoxica’s specialised ultra-low latency execution infrastructure, under the vision of being the electronic trading and payments technology partner of choice for customers,” says David Vincent, CEO and co-founder of SmartTrade. “We have always believed that the value we bring to our clients comes from the coherence of the whole, not from any single product. Celoxica has built, with great rigour, a technology that the most demanding institutions in the market rely upon every day, and it sits precisely at the layer of the stack where we wished to grow. We are convinced that, together, we offer our clients something much more valuable than either of us could offer alone.”

Jean-Marc Bouhelier, general manager of Celoxica, will continue to lead the business and joins the SmartTrade executive committee, the firms stress that Celoxica’s client relationships, contracts, support, and day-to-day service remain unchanged.

“We have joined the smartTrade Group because we share the same view of how this business works: our clients buy a service, not just a product, and they want technology partners who adapt to their priorities,” says Bouhelier. “Our team, our leadership, and our way of working with clients remain unchanged. What changes is our reach – SmartTrade’s global distribution and its investment in engineering and AI will give our clients access to a larger global platform, which complements the specialist service they rely on today.”