FastMatch Opens Access to Real-Time FX Markets Data
- The company will be charging clients €40 euros per month for access to 'the tape'.
FastMatch, Euronext’s electronic communications networks (ECN) for trading foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, is opening real time public access to key data. The company’s FX Tape feed, which provides volumes and price data and is currently delayed by 15 minutes, will be available for purchase.
FastMatch is opening the real-time public access to the feed at €40 euros per month.
Commenting on the move, the CEO of FastMatch, Dmitri Galinov, said: “For a small monthly fee, individuals and companies can view the latest FX rates transacted on interbank markets. This information empowers them to demand better FX rates from vendors.”
The company’s FX Tape product can be used for post-trade transparency in FX markets, but also enables market participants to monetize their trading data. The information is also accessible for free with a 15 minute delay on the company’s website.
FX Tape can also be used as a central reference point for spot FX rates. The product allows individuals and companies that use it to benchmark the FX rates they received for a given transaction.
The cost at which FastMatch is opening its data feed is unprecedented in the industry. Typically such data costs thousands of euros a month and has very high processing requirements for clients.
Application Beyond Post-Trade Transparency
The news is surely to be welcomed by the algorithmic trading community which is always on the lookout for а reliable source of data.
Developers of trading robots, especially those driven by artificial intelligence, which is the latest trend in the industry, have one more source to feed into their machines.
Data from FX Tape is open to all contributors via FastMatch via an open access model. The company is sharing a percentage of the net revenue generated by the sale of FX Tape with the contributors, based on the volumes that have been contributed.
Fastmatch’s CEO Dmitri Galinov participated in the Finance Magnates seminar on Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and the role of institutional players in the retail players.
Will #regulations cause a higher percentage of externalization across #FX? #londonsummit17 @fastmatchFX @citsecurities pic.twitter.com/mR0yWB9H9P
— Finance Magnates (@financemagnates) November 15, 2017
FastMatch, Euronext’s electronic communications networks (ECN) for trading foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, is opening real time public access to key data. The company’s FX Tape feed, which provides volumes and price data and is currently delayed by 15 minutes, will be available for purchase.
FastMatch is opening the real-time public access to the feed at €40 euros per month.
Commenting on the move, the CEO of FastMatch, Dmitri Galinov, said: “For a small monthly fee, individuals and companies can view the latest FX rates transacted on interbank markets. This information empowers them to demand better FX rates from vendors.”
The company’s FX Tape product can be used for post-trade transparency in FX markets, but also enables market participants to monetize their trading data. The information is also accessible for free with a 15 minute delay on the company’s website.
FX Tape can also be used as a central reference point for spot FX rates. The product allows individuals and companies that use it to benchmark the FX rates they received for a given transaction.
The cost at which FastMatch is opening its data feed is unprecedented in the industry. Typically such data costs thousands of euros a month and has very high processing requirements for clients.
Application Beyond Post-Trade Transparency
The news is surely to be welcomed by the algorithmic trading community which is always on the lookout for а reliable source of data.
Developers of trading robots, especially those driven by artificial intelligence, which is the latest trend in the industry, have one more source to feed into their machines.
Data from FX Tape is open to all contributors via FastMatch via an open access model. The company is sharing a percentage of the net revenue generated by the sale of FX Tape with the contributors, based on the volumes that have been contributed.
Fastmatch’s CEO Dmitri Galinov participated in the Finance Magnates seminar on Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and the role of institutional players in the retail players.
Will #regulations cause a higher percentage of externalization across #FX? #londonsummit17 @fastmatchFX @citsecurities pic.twitter.com/mR0yWB9H9P
— Finance Magnates (@financemagnates) November 15, 2017