smartTrade Technologies, a global leader and specialist in ultra-low-latency, multi-asset electronic trading and payments solutions, today announced a partnership with LiquidityMatch LLC, the parent company of FXSpotStream LLC, providing its multi-asset trading technology to power RateStream LLC — a dedicated Fixed Income streaming solution designed to bring the efficiency of the Foreign Exchange markets to the Rates space.
RateStream brings the proven no-cost-to-taker model — pioneered by FXSpotStream and trusted by leading global banks — to US Treasuries, with plans already underway to onboard European Government Bonds and additional Liquidity Providers later in 2026.
smartTrade has been at the forefront of Fixed Income electronification across its multi-asset solutions, supporting a wide range of Fixed Income instruments for financial institutions. RateStream is a flagship demonstration of this established capability to support both buy-side and sell-side institutions.
The partnership extends a long-standing technology relationship between the two firms. FXSpotStream set a new all-time ADV record of $173.6 billion in March 2026 — up 48.5% year-on-year — and has continued to operate at elevated levels through 2026.
David Vincent, CEO & Co-Founder of smartTrade Technologies, said: “RateStream represents a significant moment for the Fixed Income market and a powerful demonstration of what a natively cross-asset platform can deliver. Our congratulations to Jeff Ward and the entire LiquidityMatch team on the launch. The same technical foundations that power RateStream already power FXSpotStream. By extending our proven technology into a new bank-owned venue, we are reinforcing what smartTrade clients already know: a single, modular, and operationally robust platform can deliver world-class trading and venue solutions across every asset class — with no compromise on performance, stability, or security.”
Jeff Ward, CEO of FXSpotStream and RateStream, said: “smartTrade has been the technology partner behind FXSpotStream since the launch of our service and extending that partnership to RateStream was a natural progression. The platform has supported these sustained volumes with the ultra-low latency, stability, and service that are the hallmark of FXSpotStream — and that gave us full confidence in extending the same foundation to Fixed Income. By building on a shared technology foundation, we are able to deliver important synergies for our clients across FX and Fixed Income — including consistent performance, operational reliability, and a familiar user experience. This approach helps clients integrate and scale more efficiently, while enabling us to bring a high-quality Fixed Income service to market from day one. We look forward to continuing to work closely with the smartTrade team as RateStream evolves.”
