Chicago, IL – July 24, 2024 – Elysium LD Technology, Inc. (Elysium), majority owned by Laser Digital, partner with ingenium to power SmartMoney’s voice and electronic trading services. Bringing together ingenium’s advanced execution technology and Elysium’s comprehensive post-trade solutions, SmartMoney’s clients enjoy enhanced efficiency, accuracy, and reliability in their FX trading operations, ensuring superior market access and robust risk management capabilities.
Joe Tuccio, Global Head of Business Development at Elysium, commented, “By integrating our RiskDB Echo solution with ingenium’s execution platform, SmartMoney Dealing can significantly enhance the efficiency and accuracy of their electronic FX operations. We are proud to support SmartMoney in delivering superior post-trade solutions to their business.”
Elysium’s RiskDB Echo solution is renowned for its advanced real-time risk controls, providing SmartMoney with a robust framework to handle the complexities of the FX market. This integration ensures that SmartMoney’s clients receive the highest level of service, with seamless market access and precise post-trade functionalities.
Alan Scott, Founder & CEO of SmartMoney, remarked, “With Elysium’s and ingenium’s technologies powering our new electronic FX offering, we are uniquely positioned to provide a competitive and comprehensive service. This partnership enables us to offer sophisticated market access and risk control features that truly democratize the FX market for our clients.”
SmartMoney’s mission is to address inequities in the wholesale OTC market, empowering smaller participants to gain collective strength and compete more effectively. This partnership strengthens SmartMoney’s commitment to innovation and client service, ensuring their clients benefit from a platform that combines state-of-the-art technology with unparalleled market access.
Benjamin Feist, CEO and Founder of ingenium, added, “Collaborating with Elysium and SmartMoney allows us to showcase the strengths of our next-gen FX trading infrastructure. Our combined efforts ensure that SmartMoney’s clients benefit from a powerful and efficient trading platform, streamlining their operations and enhancing their market performance.”
ingenium’s advanced execution platform is designed to meet the demands of modern FX trading, providing a seamless and efficient trading experience. This partnership highlights ingenium’s commitment to innovation and excellence in the financial technology sector.
This collaboration between SmartMoney, Elysium, and ingenium marks a significant milestone in the evolution of electronic FX trading. By leveraging the strengths of each partner, SmartMoney is set to deliver a transformative trading experience that meets the needs of today’s dynamic market.
About Elysium: Elysium LD Technology, Inc, majority owned by Laser Digital, is a provider of innovative financial technology solutions designed to revolutionize the way financial institutions operate. With a commitment to driving industry-wide transformation, Elysium empowers market participants with cutting-edge tools and technologies to streamline operations, reduce costs, and mitigate risks. For more information, please visit elysiumtechgroup.com.
About SmartMoney: SmartMoney’s mission is to address inequities in the wholesale OTC market. This market is characterized by inherent risks, often mitigated through internalization – a strategy that can be challenging for smaller participants who often lack the necessary resources. SmartMoney empowers these players, enabling them to gain collective strength and compete more effectively. In fostering collaboration, SmartMoney helps increase profits and revenue, making smaller participants competitive across various OTC asset classes – particularly in illiquid markets. For more information, please visit smartmoneydealing.com.
About ingenium: ingenium is the next-gen full stack solution for FX trading made for financial institutions, asset managers, brokers and hedge funds. Dedicated infrastructure and cutting-edge software architecture guarantee the lowest latency. Smart recommendations combined with quantitative analytics maximize profit while reducing risk and costs. ingenium covers the whole pipeline – from native market access to aggregation, from smart pricing, next-gen smart order routing to backtesting and drop copy. With a fresh, straight-through, and easy-to-implement approach, ingenium offers full control and monitoring of flow, pricing, credit lines, and everything else out of one web UI where no IT development is needed. Just plug in and trade. For more information, please visit ingenium.trading.
Elysium Media Contact:
Roque Castro
Chief Commercial Officer
roque@elysiumtechgroup.com