As the popular axiom goes, “knowledge is power”. Supplier of technical analysis solutions for the foreign exchange (forex) industry, TraderMade Systems Ltd, is drawing on this sentiment, today announcing the launch of FXQuest, a cloud-based tool that gives clients the ability to access more than four decades of forex data.
In addition to the historical breadth, FXQuest offers a wealth of information, including historical prices, spreads and technical data for more than 50 currency pairs, making it the world’s most comprehensive database of price information on the forex market.
Drawing on data that the firm collects from market makers and liquidity providers, the database allows users to pinpoint and verify an exchange rate at a specific point in time ranging from one day to one second, including high, low, open and close rates, according to the announcement.
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Furthermore, the company also said that it provides an API so that the tool can be integrated into an existing workflow.
Commenting on the new tool, David Upton, Chief Executive Officer of TraderMade Systems, said: “FXQuest benefits both intermediaries and their customers by providing objective information from an independent and established data provider at the click of a mouse.”
“In an increasingly regulated environment, we believe FXQuest provides an essential service that enhances transparency and trust between suppliers and consumers of forex pricing data,” he added.
Earlier this year, TraderMade Systems was acquired by Currency Mountain Holdings, LLC, the holding company behind FXDD.