FXCM Expands Offering, Launches Series of Data Products

The broker has realized the value that its historical data could give to its traders

International provider of online foreign exchange (forex) trading, FXCM Group, LLC announced this Wednesday that it has expanded its offering to include a series of new data products.

Over the years, FXCM has built up a collection of historical trading and execution data. Until now, the company has used this data primarily for internal purposes. However, the company has realized the value this data could hold for its traders, that statement from the broker said.

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Because of this, the FX broker has launched a suite of historical and real-time data to suit different trading requirements. Namely, the data products will provide actionable insights for customers, a snapshot of market activity, and an accurate representation of real-time client behavior.

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The core market data products now offered by FXCM offer live pricing updates, sourced directly from major interbank and non-bank market makers. They are updated multiple times per second and can be received in real-time via an API.

Commenting on the launch, Siju Daniel, Chief Commercial Officer at FXCM, said: “Data is at the heart of the trading strategies for our clients, and it is incumbent upon us to provide the best tools to support their strategies. For years, we have built a valuable database of trading data, which we have utilised for our own in-house algorithms.”

“We are now making this data available to all clients, ensuring we have the most comprehensive data solutions and actionable information available. This is a truly unique offering for FX participants, and part of our long-standing goal to ensure our clients are as informed as possible when making trade decisions.”

FXCM offers premium data products

In addition to the core data products, FXCM is also offering premium data products – Retail Sentiment Data, Trade Tape, and Volume. According to the statement, these data products will allow customers to build strategies to support their trading activity. 

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