smartTrade Technologies SAS has strategically acquired kACE Financial to enhance its multi-asset electronic trading and payments solutions, addressing market demand for integrated financial technologies.

Target Information

smartTrade Technologies SAS (smartTrade) has positioned itself as a leading entity in the realm of multi-asset electronic trading and payments solutions. Recently, the company announced a strategic acquisition of kACE Financial (kACE), formerly known as Fenics, which specializes in providing financial technology for foreign exchange (FX) and interest rate derivatives pricing, analytics, and workflow solutions. This acquisition is set to reinforce smartTrade's offerings, facilitating a more expansive range of services tailored to the expectations of modern financial institutions.

With this acquisition, smartTrade aims to provide a unified multi-asset platform, optimizing functionalities across various asset types, including Foreign Exchange, Fixed Income, Cryptocurrencies, and Structured Products. The integration is designed to enhance the client experience by delivering comprehensive solutions that encompass pre-trade analytics through to post-trade processing.

Industry Overview

The financial technology sector, particularly in France, is experiencing robust growth driven by the increasing need for sophisticated trading solutions and the integration of advanced analytics. As financial institutions pivot towards adopting unified platforms, demand for te