FXCM Joins FastMatch’s Fx Tape Real Time Trade Data Streaming Service - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

FXCM Joins FastMatch’s Fx Tape Real Time Trade Data Streaming Service

March 29, 2018

FastMatchThe FXCM Group, leading provider of online fx trading, CFD trading, spread betting and related services has joined Fx Tape Streaming Service, operated by FastMatch, a Euronext NV (EPA: ENX) company.

The Fx Tape is centralized streaming service that provides a real-time market data feed to all the subscribing market participants. It aims to create transparency and help traders to spot and execute best trading strategies. The data comprises of a diverse market group of participating segments within global marketplace and with joining of FXCM, it will include its anonymized data.

FXCM’s participation in the FastMatch FX Tape is voluntary under open access model and Fx Tape will be offering commercial incentives to encourage ECNs to contribute data. The revenue shared to contributors will be on the percentage of net revenue generated by FX Tape according to the volume they have contributed with.

Brendan Callan, CEO of FXCM Group
Brendan Callan, CEO of FXCM Group

Brendan Callan, CEO of FXCM Group said:

“We believe the FastMatch FX Tape is a great step in improving post-trade transparency. It will serve as a reliable reference price for everyone as the tape will show confirmed trade rates instead of quoted rates. FXCM has always provided our clients with as much data as possible to increase transparency and aid in their trading experience. We applaud FastMatch for looking to do the same.”

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