smartTrade Technologies Acquires Celoxica to Expand Listed Markets Solutions

France-based electronic trading and payments solutions company smartTrade Technologies has acquired Celoxica, a specialist provider of ultra-low latency execution infrastructure for listed equities, futures, fixed income and options. Celoxica is now part of the smartTrade Group.

Celoxica delivers ultra-low latency trading services through software and hardware-accelerated engineering across more than 80 venues worldwide. Its fully managed service is used by Tier 1 prime brokers, systematic quantitative funds and algorithmic trading desks, according to the company.

smartTrade said the acquisition complements its existing ultra-low latency solutions and extends the group's coverage from OTC to listed markets, and from orchestration and pricing to execution infrastructure.

smartTrade Technologies: Complementary layers of the trading stack

smartTrade leads at the workflow orchestration, pricing and distribution layer across trading (LiquidityFX), FX derivatives (kACE) and payments (Commercial Banking & Payments). Celoxica leads 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.

The transaction extends the group's reach into new client segments across the sell side and buy side, and into additional asset classes. It opens Celoxica's technology to smartTrade's more than 250 clients worldwide, supported by offices, sales, support and engineering teams across EMEA, the Americas and APAC.

David Vincent, CEO and co-founder of smartTrade, said the transaction expands the company's ecosystem of global, multi-asset trading and payments solutions to include Celoxica's specialised ultra-low latency execution infrastructure. He said Celoxica's technology sits at the layer of the stack where smartTrade wished to grow.

Celoxica leadership and client continuity

Jean-Marc Bouhelier, General Manager of Celoxica, continues to lead the business and joins the smartTrade Executive Committee. Celoxica's client relationships, contracts, support and day-to-day service remain unchanged, the company said.

Bouhelier said Celoxica joined the smartTrade Group because the two companies share the same view of how the business works, adding that Celoxica's team, leadership and way of working with clients remain unchanged. He said smartTrade's global distribution and its investment in engineering and AI will give Celoxica clients access to a larger global platform.

Celoxica clients will have the opportunity to benefit from smartTrade's multi-asset trading and payments solutions, including connectivity, aggregation, distribution, OMS and analytics, together with the group's AI capabilities. smartTrade clients will have access to Celoxica's listed-markets connectivity, ultra-low latency capabilities and pre-trade risk technology.

smartTrade Technologies provides AI-driven, multi-asset trading and payments technology to financial institutions. Headquartered in France, it serves more than 250 clients from 12 offices worldwide, covering FX, precious metals, money markets, fixed income, digital assets and derivatives via secure SaaS.

Celoxica is headquartered in London with offices in Paris, New York and Sydney.