Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Data services news
  3. FlexTrade expands Tradefeedr partnership for FX forecast data
Data services news

FlexTrade expands Tradefeedr partnership for FX forecast data


18 September 2023 US
Reporter: Jamie Richards

Generic business image for news article
Image: Livinskiy
FlexTrade is to integrate Tradefeedr’s foreign exchange (FX) pre-trade forecast data into its FlexTRADER EMS multi-asset platform.

FlexTrade say this extension of the two firms’ relationship will offer clients pre-trade insights on when to request-for-quote (RFQ), algorithm performance and managing RFQ panels.

Tradefeedr’s unified data analytics API will offer connectivity to a global FX data set, which the company says will increase transparency in the pre-trade and post-trade stages.

Within the API, trading teams will be able to use available data and analytics to create workflow automation through FlexTrade’s AlgoWheel product.

The software also allows clients to check the performance of execution algorithms compared to the industry.

Balraj Bassi, co-founder and CEO of Tradefeedr, says: “We are now moving into the next stage in the evolution of accessible and actionable FX data, where buy-side trading desks can make data-driven decisions based on global data sets. For years, acquiring, aggregating, and using big data has been a challenge – this is no longer the case. Tradefeedr’s new data API changes this, delivering FX traders the information they need to optimise trading execution and outcomes.”

Andy Mahoney, managing director for EMEA at FlexTrade Systems, adds: “[This] move is in response to the increased demand for advanced, comprehensive FX analytics from our multi-asset client base to deliver innovative and actionable pre-trade data tightly integrated within their order blotter. Having the data available in this way can help optimise trading decision-making and enable traders to efficiently handle low-touch orders by applying automation via our FlexAlgoWheel solution.”
Next data services article →

Snowflake Ventures invests in BMLL
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →