Ideal Prediction Reveals Analysis Tool for FX Code Compliance

Ideal Prediction, a trading Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and data science provider, plans to introduce an FX Global Code (FXGC) compliance solution that will help voice traders and trading algorithms users meet their obligations.

Dubbed ‘Scope,’ the new solution enables a broad range of use cases, but it mainly monitors order and trade activity as FXGC is fundamentally a data challenge. It provides evidence that humans and algorithms adhere to governance and risk controls and highlights potential issues like last look, spoofing, flashing, layering, order violations, limit breaches, and P&L flags.

The FX Global Code consists of 55 principles of good practices that function as a guide to ethical behavior in the FX market. Published in May 2017, the initiative emphasizes the growing need for transparency in the industry execution and governance.

A first step to demonstrate adherence

After lengthy industry collaboration and planning, the document helps foster more robust, fair, liquid, open, and appropriately transparent marketplaces, where different market participants are actively supported by a resilient infrastructure.

Scope is designed for several market participants defined by the Global Code. For these segments, the solution is a first step to demonstrate their adherence to the new rules to relevant competent authorities.

Ideal Prediction has previously co-operated with FX institutional venue GTX to expand its existing FX data and analytics offering. The partnership targets execution performance and overall Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term for both the buy- and sell-side, helping them benchmark execution performance, as well as analyzing a wider range of client flows.

Commenting on the news, John Crouch, founder and CEO of Ideal Prediction said: "Since the release of the FXGC, our firm has focused on evidencing adherence to the principles, but the service additionally helps senior management sleep at night. Clients specifically value the independence of our service, in addition to our analytics technology and high-frequency trading expertise. Not every check has a clear definition, so we collaborate with the FX community to provide standardized as well as custom checks appropriate to each firms’ business.”