smartTrade Technologies, an Aix-en-Provence, France-based provider of multi-asset electronic trading solutions, received an investment from Hg.
Hg, which made the investment from the Mercury 2 Fund, acquired the stakes in the company from Keensight Capital and Pléiade Venture.
The amount of the deal – still subject to French workers’ council consultations and customary clearances – was not disclosed.
Led by David Vincent, CEO and co-Founder, smartTrade is a managed services and hosted software provider for trading desks. Its liquidity management solutions enable financial institutions to develop and run high-performance trading platforms throughout the world. They support Foreign Exchange, Fixed Income, Equities and Derivatives asset classes with connectivity to over 130 liquidity providers, aggregation, smart order routing, order management, pricing, distribution, risk management capabilities and a HTML5 user interface. Today, the business has a global client base, ranging from banks, brokers and hedge funds to proprietary trading desks, with subsidiaries around the world, including in London, Geneva, Milan, New York, Tokyo and Singapore.