New Change FX Launches Suite of Forex APIs
- The company has provided three groups of APIs - data, calculation and model.
New Change FX, an independent data and 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 business, announced this week via its blog that it has launched a suite of new foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) APIs, which give its users access to the New Change FX TCA Calculations and Models and to the company’s regulated benchmark data.
New Change FX provides a live spot FX benchmark that has been authorized by both the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA). The company also offers other consolidated forex reference rates.
New Change FX APIs
“Within the API suite we are pleased to add new models that calculate the Efficient Trading Frontier for a given transaction and an Estimated Market Impact model,” the company said on Thursday via its blog.
“These models can be run pre-trade in order to better inform traders of market conditions before execution, and post-trade to judge the efficiency of an execution strategy. This is a significant step away from naïve spread modelling as prevailing volatility and drift conditions are considered in these new models.”
Clients are able to access data and calculations from the API suite. Through its data APIs, the information that can be accessed is the Last Rate, which is the single price per currency pair and time, Timeseries (tick data between two points), Open High Low Close (OHLC), and Time Weighted Average Price (TWAP).
For New Change FX’s calculation APIs, users can measure and analyze live trading performance. The calculations supported via these APIs are implementation shortfall, decay for both pre and post-trade, and market impact.
The data and analytics firm also has added Model APIs, which “run proprietary pre-trade and post-trade analytics to identify the optimal trading trajectory and efficient price for a given currency pair, amount, trade start time and end time,” the company said.
The models provided through these APIs give New Change FX’s customers the ability to forecast the effects of trading and, therefore, adjust their execution strategy so they can trade more efficiently.
New Change FX, an independent data and 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 business, announced this week via its blog that it has launched a suite of new foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) APIs, which give its users access to the New Change FX TCA Calculations and Models and to the company’s regulated benchmark data.
New Change FX provides a live spot FX benchmark that has been authorized by both the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA). The company also offers other consolidated forex reference rates.
New Change FX APIs
“Within the API suite we are pleased to add new models that calculate the Efficient Trading Frontier for a given transaction and an Estimated Market Impact model,” the company said on Thursday via its blog.
“These models can be run pre-trade in order to better inform traders of market conditions before execution, and post-trade to judge the efficiency of an execution strategy. This is a significant step away from naïve spread modelling as prevailing volatility and drift conditions are considered in these new models.”
Clients are able to access data and calculations from the API suite. Through its data APIs, the information that can be accessed is the Last Rate, which is the single price per currency pair and time, Timeseries (tick data between two points), Open High Low Close (OHLC), and Time Weighted Average Price (TWAP).
For New Change FX’s calculation APIs, users can measure and analyze live trading performance. The calculations supported via these APIs are implementation shortfall, decay for both pre and post-trade, and market impact.
The data and analytics firm also has added Model APIs, which “run proprietary pre-trade and post-trade analytics to identify the optimal trading trajectory and efficient price for a given currency pair, amount, trade start time and end time,” the company said.
The models provided through these APIs give New Change FX’s customers the ability to forecast the effects of trading and, therefore, adjust their execution strategy so they can trade more efficiently.