“As our Open APIs gain market traction, they are becoming the new standard for trading analysis, decision support and buy-side to sell-side collaboration. This partnership will enable us to bring new clients and Liquidity Providers to the Tradefeedr network, which will drive the interoperability of data and standards, enhance market transparency, and further improve FX analytics for the benefit of all participants.”
Tradefeedr, the prominent network specializing in FX trading analytics and collaborative data sharing, has partnered with LSEG FX, the foreign exchange division of London Stock Exchange Group.
LSEG will incorporate Tradefeedr’s unified data APIs into the LSEG FX trading ecosystem, enhancing venues such as FXall and the LSEG Workspace tool.
This collaboration is poised to set a new benchmark for automated FX trading, linking decision-making and execution workflows while promoting a data-driven dialogue between sell-side liquidity providers and their buy-side counterparts, including asset managers, hedge funds, and corporates.
Tradefeedr network boasts 21 LPs, 50+ buy-side, 10 trading platforms
The LSEG FX – Tradefeedr partnership is expected to enhance pre-trade decision support for buy-side and corporate customers of LSEG FX, optimize liquidity and reporting for bank and broker customers, and integrate Tradefeedr analytics within LSEG Workspace.
Tradefeedr’s data analytics network boasts 21 leading Liquidity Providers, over 50 major buy-side firms, and 10 trading platforms, offering a unified view of trading data and advanced analytical tools.
The company also recently announced the formation of its Client Advisory Group, consisting of leaders from prominent buy-side institutions, underscoring its commitment to fostering fair and unbiased trading analytics and enhancing market-wide data standards. The firm has plans to launch an advisory group made of Liquidity Providers, as well.
“Tradefeedr becoming the new standard for trading analysis”
Balraj Bassi, CEO & Co-founder of Tradefeedr, commented, “We see our partnership with LSEG FX as a pivotal moment for Tradefeedr. LSEG FX is the leading infrastructure provider in the FX market, and this partnership will bring great value to all clients as integrations go live. As our Open APIs gain market traction, they are becoming the new standard for trading analysis, decision support and buy-side to sell-side collaboration. This partnership will enable us to bring new clients and Liquidity Providers to the Tradefeedr network, which will drive the interoperability of data and standards, enhance market transparency, and further improve FX analytics for the benefit of all participants.”
Dean Berry, Group Head of Workflows at LSEG, added, “Tradefeedr will be a welcome addition to the LSEG Workspace and LSEG FX ecosystems. By bringing together LSEG Workspace, FXall, and Tradefeedr, we aim to deliver another key element in our strategy to empower customers with data, analytics, and workflows across the trade lifecycle. We look forward to delivering the planned solutions with Tradefeedr in FX, and to exploring further collaboration across our services in the future.”