smartTrade Technologies has acquired kACE Financial, a subsidiary of BGC Partners, Inc., for an undisclosed amount. This strategic purchase integrates kACE’s specialized multi-asset solutions into smartTrade’s ecosystem, bolstering its position as a leading provider of multi-asset trading solutions for financial institutions globally. The acquisition is not a funding round but a direct corporate purchase, expanding smartTrade’s capabilities and market reach.
kACE Financial was established following the acquisition of Kalahari by Fenics Software, bringing together two industry-standard technologies. It specializes in providing market-leading multi-asset solutions for pricing analytics, price distribution, deal capture, and middleware connectivity. Fenics contributes over 30 years of experience in intuitive solutions for the FX derivatives market, including pre-trade analysis, risk management, and automated client price distribution. Kalahari offers innovative pricing solutions and a best-in-class pricing engine for interest rate and FX linear derivatives markets. kACE operates globally with offices in London, New York, Hong Kong, Singapore, and Tokyo.
The acquisition is expected to create significant synergies, combining kACE’s deep expertise in FX options, linear FX, and rates derivatives with smartTrade’s broader technology platform. This integration will enhance smartTrade’s product suite, offering clients more comprehensive end-to-end workflow solutions across various asset classes. The addition of kACE’s robust pricing engines and distribution capabilities will further strengthen smartTrade’s ability to deliver advanced real-time analytics and trading infrastructure.
Looking forward, the combined entity aims to provide an even more powerful and integrated suite of solutions, enabling financial market participants to access superior analytics, pricing, and connectivity across a wider array of assets. This move positions smartTrade Technologies to accelerate innovation and capitalize on growing demand for sophisticated, multi-asset trading and risk management tools, reinforcing its commitment to delivering market-leading technology.