smartTrade Announces the Acquisition of FX SaaS Provider TickTrade

smartTrade Group, a leading provider of multi-asset electronic trading solutions, announced that it has acquired TickTrade Systems Inc. (TickTrade), a Toronto-based e-Trading SaaS software solutions firm.

According to the press release, the combination of the two companies represents a compelling strategic fit providing customers with highly complementary SaaS, electronic FX trading products.

The combined company will deliver smartTrade’s connectivity, aggregation, and risk management technology and TickTrade’s analytics, payments, and rich advanced distribution technology, offering the most comprehensive eFX solutions for financial institutions worldwide.

The company will operate under the smartTrade name and David Vincent, smartTrade’s CEO, will lead the combined organization as its CEO. TickTrade co-founders, Baha Ohcebol and Alexander Culiniac, will maintain senior management roles within the combined business, while also remaining significant investors in the group.

“For both smartTrade and TickTrade customers, the combination is extremely compelling. It brings two industry-leading technologies together – one complementing the other, creating a unique breadth and depth of product capabilities,”David Vincent, Chief Executive Officer & Co-Founder at smartTrade Group commented.

“This is great news for TickTrade customers. To have the backing of smartTrade and Hg means we can significantly build on and continue to innovate the products we know our clients highly value. This also offers further opportunities for product collaboration, wider distribution and cutting-edge innovation - meaning we can bring even better services to even more clients,”Baha Ohcebol, Co-Founder of TickTrade said.