FlexTrade Systems has announced that Tradefeedr’s unified data analytics API has become available within FlexTRADER EMS to deliver buy-side trading teams access to real-time, analysis-ready FX data to improve the speed and quality of trading-decision making.
Tradefeedr’s FX Database for Decision Making
Tradefeedr is backed by some of the hottest figures in the FX industry such as NEX founder Michael Spencer and ex-NEX CEO Seth Johnson (who is now Chairman at Tradefeedr).
The platform enables collaborative analysis of trading performance between liquidity providers and their clients using standardized common metrics.
FlexTrade has integrated Tradefeedr with the goal of providing access to real-time, analysis-ready FX data to improve the speed and quality of trading-decision making for buy-side trading teams using FlexTRADER EMS.
The common, independent FX trading database allows market participants across the sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to connect, analyze their trading data, and collaborate. Informed decision making and stronger relationships are the result.
Andy Mahoney, Managing Director, EMEA at FlexTrade, noted: “A significant operational burden buy-side trading teams face is producing accurate, normalized FX data on which to base trading decisions. Mahoney added, “By integrating Tradefeedr directly into our EMS order blotter, analysis-ready data and analytics are available at their fingertips, delivering actionable intelligence when FX traders need it the most.”
Balraj Bassi, Co-Founder at Tradefeedr, stated: “Tradefeedr’s FX trading and analytics platform removes the siloes traditionally associated with the buy- and sell-side, engendering better relationships and decision making, and removes the need to aggregate the disparate data sources associated with FX market and trading data. As a result, our platform will deliver significant benefits to our mutually shared clients by delivering better access to trading information.”
Tradefeedr’s data can be leveraged via a library of pre-existing analytics templates covering everything from transaction cost analysis, custom best execution policies and liquidity management.
The FX data and pre-built, customizable analytics are directly integrated into the FlexTRADER EMS Order Blotter, enabling users to process vast volumes of real-time, actionable FX trading and market data within existing workflows.
Appital’s Book Building Platform for Liquidity
The provider of multi-asset execution and order management systems has recently partnered with Appital to make the first use of its new book building platform which would help it to integrate into existing market structures.
Integrating with Appital helps bring in the manual order flow process to an automated platform, thus providing access to the liquidity and efficiency of executing on Turquoise, which provides seamless straight-through-processing (STP) to over 20 settlement venues.
The integration with FlexTrade has helped in the development of a strong group of asset managers who would help address the need for liquidity and also help to understand the issues faced by larger clients and find the best way to build books on demand through the use of well-established FIX protocols which will help the buy-side community in the long run. This combination would open up new dealing opportunities that were not visible to the asset managers before.