Aix en Provence, Paris and Amsterdam, 16th April 2013 - Red Herring announced its Top 100 award winners, selecting smartTrade in the financial technology area for its innovation and technology.
Red Herring's Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring's editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
Alex Vieux, publisher and CEO of Red Herring says "No sector has endorsed globalization more adamantly than financial industries which face 24 hour trading and where information technology and analytics play a pivotal role. smartTrade has made cloud trading a ubiquitous phenomenon and is rolling out a new generation of solutions, driven by a stable and first tier management team. Its market success and its technology are intrinsically connected. Thus we decided to grant the company the Red Herring Europe Top 100 Award."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, and overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
Harry Gozlan, Founder and Chairman of smartTrade Technology, says "Although smartTrade has now grown beyond the stage of a startup, it is a great honor to receive the Red Herring Europe Top 100 award. It represents an important intermediary success in our long run toward financial technology excellence. "
David Vincent, Chief Executive Officer and CTO of smartTrade, says "Since its creation, smartTrade has been constantly focused on innovation and excellence. This award is a fantastic recognition by the industry of all the efforts that we have made to become a leader in finance technology. This would not have happened without the support of our clients that we want to thank also for their constant trust throughout those years."
About smartTrade Technologies
Founded in 1999, smartTrade provides sophisticated liquidity management systems, enabling banks to develop multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customized pricing to clients, receive and manage client order flow, internalize liquidity and/or route it to external venues while managing state throughout the order lifecycle, implement smart order routing and a proprietary algorithms, and connect electronically to any number of venues regardless of messaging protocols. The system handles multiple asset classes and is in production globally supporting foreign exchange, fixed income, equities, rates, and many other instrument types.
About Red Herring
Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.
For more information, visit www.smart-trade.net.
Tel.: +33 442 900 397