smartTrade acquires Celoxica to expand into execution services for listed markets

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Trading software provider smartTrade Technologies has acquired execution infrastructure provider Celoxica, extending its business from OTC trading and payments to market access and order execution. Celoxica’s hardware-accelerated infrastructure covers more than 80 trading venues globally and will be made available to smartTrade’s more than 250 clients after the deal; Celoxica clients may also gain access to smartTrade’s multi-asset trading and payment tools.