Hg Capital-backed smartTrade to acquire TickTrade.

Hg Capital-backed smartTrade, a provider of multi-asset electronic trading solutions, agreed to acquire TickTrade, a Toronto-based technology firm providing next-generation FX trading and payments SaaS solutions. Financial terms were not disclosed. "For both smartTrade and TickTrade customers, the combination is extremely compelling. It brings two industry-leading technologies together – one complementing the other, creating a unique breadth and depth of product capabilities," David Vincent, smartTrade Group CEO and Co-Founder.