Refinitiv FXall announced today it has made spread data from its platform directly available to clients, as part of the Trade Performance Analytics (TPA) solution, to help buy-side traders navigate challenging FX market conditions in the wake of the COVID-19 crisis.
Buy-side traders on Refinitiv FXall rely on Trade Performance Analytics, the web-based and self-service trade analytics platform, to assess their historical trading performance, quantify transaction costs, and enhance their provider selection, according to the firm.
“Refinitiv FXall is committed to offering market participants the data, insights and analytics they need to make better informed decisions,” said Jill Sigelbaum, head of FXall, Refinitiv.
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“Our clients can now conduct detailed analysis of weekly spreads across Refinitiv FXall’s market-leading RFQ platform, and customize their analysis as needed to look at specific instrument types and currency pairs,” she added.
This analysis of overall market spreads complements an already-large suite of analytics that enable traders to quantify their spread costs, the company noted.
Buy-side traders on Refinitiv FXall can, for example, monitor the spreads they were quoted by their panel of liquidity providers and see how spreads widen or tighten depending on the number of providers in their panel, as well as quantify and compare the spreads quoted by specific liquidity providers.
Multi-dealer FX trading platform, FXall offers clients access to deep liquidity with choice in execution, end-to-end workflow management and straight-through processing, covering the entire trade lifecycle. FXall has a client base of over 2,300 buy-side clients and over 200 leading FX banks and alternative market makers.