24 Exchange Taps FairXchange for Independent Execution Analytics

by Arnab Shome
  • Both liquidity providers and consumers will benefit from data-driven analytics.
24 Exchange Taps FairXchange for Independent Execution Analytics
Bloomberg

24 Exchange, the OTC platform established by the founder of Fastmatch Dmitri Galinov, announced on Thursday that it has tapped the services of FairXchange for independent execution Analytics .

FairXchange is a financial market data science firm. Though, 24 Exchange is integrating its Horizon solution for analyzing all relevant transaction and pricing data across the platform. This, according to the company, will facilitate mutually profitable data-driven discussions with its Liquidity providers and liquidity consumers.

“We are very pleased to be joining with the data analytics experts at FairXchange,” Galinov said in a statement. “The real-time insights and information the company’s Horizon product provides will enhance 24X’s ability to assess performance and improve the efficiency of our robust institutional-grade platform.”

The Institutional Market

24 Exchange became operational in 2020 and is primarily offering forex non-deliverable forwards to institutions. In addition, the company expanded offerings to FX swaps and even gained a cryptocurrency license in Bermuda to provide crypto trading services to institutions.

It even received investment from Standard Chartered that helped create a lot of exposure in the established financial industry.

The FairXchange Founder and CEO, Guy Hopkins said: “24 Exchange is an exciting new entrant to the market, with an impressive multi-asset platform and a highly experienced team. We are delighted to have been selected to provide them with accessible, independent performance data in order to optimize execution and deliver commercial benefits for all counterparties. FairXchange has been appointed as FX data experts but our partnership with 24 Exchange can be expanded into new instruments and asset classes in the future.”

Meanwhile, FairXchange recently partnered with Deutsche Börse’s 360T to offer similar independent execution analytics, thus improving trade analysis and pricing data.

24 Exchange, the OTC platform established by the founder of Fastmatch Dmitri Galinov, announced on Thursday that it has tapped the services of FairXchange for independent execution Analytics .

FairXchange is a financial market data science firm. Though, 24 Exchange is integrating its Horizon solution for analyzing all relevant transaction and pricing data across the platform. This, according to the company, will facilitate mutually profitable data-driven discussions with its Liquidity providers and liquidity consumers.

“We are very pleased to be joining with the data analytics experts at FairXchange,” Galinov said in a statement. “The real-time insights and information the company’s Horizon product provides will enhance 24X’s ability to assess performance and improve the efficiency of our robust institutional-grade platform.”

The Institutional Market

24 Exchange became operational in 2020 and is primarily offering forex non-deliverable forwards to institutions. In addition, the company expanded offerings to FX swaps and even gained a cryptocurrency license in Bermuda to provide crypto trading services to institutions.

It even received investment from Standard Chartered that helped create a lot of exposure in the established financial industry.

The FairXchange Founder and CEO, Guy Hopkins said: “24 Exchange is an exciting new entrant to the market, with an impressive multi-asset platform and a highly experienced team. We are delighted to have been selected to provide them with accessible, independent performance data in order to optimize execution and deliver commercial benefits for all counterparties. FairXchange has been appointed as FX data experts but our partnership with 24 Exchange can be expanded into new instruments and asset classes in the future.”

Meanwhile, FairXchange recently partnered with Deutsche Börse’s 360T to offer similar independent execution analytics, thus improving trade analysis and pricing data.

About the Author: Arnab Shome
Arnab Shome
  • 6294 Articles
  • 79 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6294 Articles
  • 79 Followers

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