FlexTrade Extends Tradefeedr Relationship to Deliver Enhanced Data-Driven Workflows
FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, and Tradefeedr, the leading independent FX data analytics provider, today announced the integration of Tradefeedr’s FX pre-trade forecast data within FlexTrade’s multi-asset platform, FlexTRADER EMS.
The move comes as FX traders demand access to unique big data sets to improve transparency, seamlessly embed it to operationalize workflows to optimize trade decision-making and guide the overall trading process.
Tradefeedr’s unified data analytics API offers a seamless connection to a global FX data set, which increases transparency in pre- and post-trade and enables buy-side FX desks to make informed trading decisions. The new solution brings standardized, aggregated trading data into one place to be analyzed, whether executed by algo or risk transfer (RFQ or RFS). Leveraging Tradefeedr’s peer universe data empowers clients to assess the performance of their execution algos compared to the industry. This facilitates meaningful conversations with algo providers, enabling the identification of the best algorithms and execution styles that align with market conditions, risk profiles, and other industry parameters.
Using Tradefeedr’s new API within FlexTRADER EMS, clients can benefit from two key areas. Firstly, it can help to offer pre-trade insights on a range of topics, including when to RFQ, understanding algo performance and which to select, and how to manage RFQ panels, all to demonstrate a good execution process. For example, a trader can ask what the risk transfer price is on a trade and who is the recommended broker to execute with based on order characteristics. Secondly, with Tradefeedr’s data seamlessly integrated into FlexTRADER EMS, trading teams can leverage the data and analytics to create automation that triggers workflow via FlexTrade’s AlgoWheel. It means deterministic actions can be automated, for example, if the risk transfer price is less than Tradefeedr’s pre-trade cost, it can be routed automatically and be executed against RFQ or streams.
Balraj Bassi, Co-Founder & CEO , Tradefeedr, noted: “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 optimize trading execution and outcomes.”
Andy Mahoney, Managing Director, EMEA at FlexTrade Systems, stated:“We’re delighted to extend our partnership with Tradefeedr to incorporate its newly launched API within FlexTRADER EMS. The 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 optimize trading decision-making and enable traders to efficiently handle low-touch orders by applying automation via our FlexAlgoWheel solution.”
About FlexTrade Systems:
FlexTrade Systems is a global leader in high performance multi-asset execution management and order management systems for equities, fixed income, foreign exchange, futures, and options. A pioneer in the field, FlexTrade is internationally recognized for introducing FlexTRADER®, the world’s first broker-neutral, execution management trading system, which allows clients to completely control and customize their execution workflows through a comprehensive ability to search/access liquidity while maintaining the confidentiality of their trading strategies.
About Tradefeedr
Tradefeedr levels the playing field for trading analytics, providing a market-wide independent network which allows the sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to connect, analyse their trading data and collaborate. By connecting clients, Liquidity Providers, ECNs, and venues Tradefeedr provides a single, consistent view of trading data, irrespective of where firms trade. With better-standardised data, Tradefeedr transforms the way in which market participants interact and delivers new insights and better decision making for all.
Tradefeedr’s award-winning data analytics network includes 20 leading sell-side clients, 50 major buy-side firms and 10 trading platforms.
Tradefeedr was named “Best Execution Product” in the Risk Awards 2023 and “Best Independent TCA Provider” by FX Markets in 2022 and 2023.
For further information, please visit Tradefeedr.com or our LinkedIn profile.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230912578586/en/
Contact information
Iain Smith
Iain.Smith@flextrade.com
o: +44 20 3757 9311
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ARMA Instruments Launch Zero Trust G1 Mark II Secure Messaging Communication Device3.10.2023 05:00:00 CEST | Press release
The Russian invasion of Ukraine has ignited an arms race in the theater of cyber warfare. Zero trust is the operative term for military, defense sectors, and governments across the globe. U.S. intelligence agencies and international partners recently published a report warning of the new Russian malware program Sandworm, likely targeting Ukrainian interests in its ongoing war, and U.S. defense agencies set a deadline of 2027 for implementation of zero trust cybersecurity environments [FedTech, August 2023]. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231002887540/en/ Switzerland-based ARMA Instruments AG announces the launch of their ARMA G1 Mark II Secure Messaging Device. Developed with zero trust principles, the device is a closed mobile system for person-to-person messaging at the highest security levels to counter advanced adversary attacks. The device will be beneficial for NGOs, defense agencies, cybersecurity oper
SLB Launches Carbon Storage Screening and Ranking Solution3.10.2023 04:00:00 CEST | Press release
SLB (NYSE: SLB) today launched its carbon storage screening and ranking solution that increases confidence in site selection decisions based on scientific analysis of the long-term integrity and economic potential of an asset. The solution helps customers avoid suboptimal storage sites with risk factors that can waste valuable time and resources as well as decrease the probability of a carbon capture, utilization and storage (CCUS) project reaching final investment decision (FID). “CCUS is one of the most immediate opportunities to reduce emissions, but it must scale up by 100–200 times in less than three decades to have the expected impact on global net zero ambitions,” said Frederik Majkut, senior vice president of Carbon Solutions for SLB’s New Energy business. “Ensuring that a storage site is both safer and economical is crucial for the speed, scale and investment needed to meaningfully drive CCUS growth for a low carbon energy ecosystem.” The screening and ranking solution uses bo
Takeda Provides Update on EXKIVITY ® (mobocertinib)2.10.2023 22:30:00 CEST | Press release
Takeda (TSE:4502/NYSE:TAK) today announced that, following discussions with the U.S. Food and Drug Administration (FDA), it will be working with the FDA towards a voluntary withdrawal of EXKIVITY® (mobocertinib) in the U.S. for adult patients with epidermal growth factor receptor (EGFR) Exon20 insertion mutation-positive (insertion+) locally advanced or metastatic non-small cell lung cancer (NSCLC) whose disease has progressed on or after platinum-based chemotherapy. Takeda intends to similarly initiate voluntary withdrawal globally where EXKIVITY is approved and is working with regulators in other countries where it is currently available on next steps. This decision was based on the outcome of the Phase 3 EXCLAIM-2 confirmatory trial, which did not meet its primary endpoint and thus did not fulfill the confirmatory data requirements of the Accelerated Approval granted by the U.S. FDA nor the conditional marketing approvals granted in other countries. The EXCLAIM-2 trial was a Phase 3
Galderma announces progress with RelabotulinumtoxinA regulatory submissions2.10.2023 22:27:00 CEST | Press release
Galderma, the emerging pure-play dermatology category leader, announced today updates related to the regulatory progress of its pending Biologics License Application (“BLA”) for RelabotulinumtoxinA (QM-1114) to the U.S. Food and Drug Administration (“FDA”). The FDA has issued a Complete Response Letter (“CRL”) to Galderma related to its BLA for RelabotulinumtoxinA for the treatment of moderate-to-severe glabellar lines (frown lines) associated with corrugator and/or procerus muscle activity in adult patients as well as moderate-to-severe lateral canthal lines (crow’s feet) associated with orbicularis oculi muscle activity in adult patients. The CRL points out certain deficiencies isolated to items related to Chemistry, Manufacturing, and Controls (“CMC”) processes. All other aspects of the BLA, including safety and efficacy related parts, did not solicit deficiencies to be addressed. Galderma has already identified changes to the manufacturing process to address feedback. It will also
Visa Launches $100 million Generative AI Ventures Initiative2.10.2023 22:05:00 CEST | Press release
Visa (NYSE: V), a global leader in payments, today announced a new $100 million generative AI ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments. As a pioneer of AI use in payments since 1993, Visa considers this initiative an extension of Visa’s leadership in using AI to drive innovation in payments, create value for partners and clients, and enable and empower global commerce. Generative AI is an emerging subset of AI that is built on Large Language Models (LLMs) to develop artificial general intelligence capable of generating text, images or other content from large sets of existing data when given prompts. “While much of generative AI so far has been focused on tasks and content creation, this technology will soon not only reshape how we live and work, but it will also meaningfully change commerce in ways we need to understand,” said Jack Forestell,