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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.
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.
The core market data products now offered by FXCM offer live pricing updates, sourced directly from major interbank and non-bank Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term. 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.
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.
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.
The core market data products now offered by FXCM offer live pricing updates, sourced directly from major interbank and non-bank Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term. 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.