eFXData to Gather Data from Thomson Reuters IFR Markets
- The Boston-based start-up has traditionally sourced institutional data to provide its clients with information

eFXData, an FX data provider, has confirmed that it is launching a partnership with media giant, Thomson Reuters (TR). eFXplus, one of eFXData’s Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term products, announced on Tuesday that it will now be able to derive data from TR’s International Financing Review Markets (IFR Markets) service.
eFXplus is the main product that eFXData offers. The Boston-based start-up provides a constant stream of price-based FX data for both individual investors and large companies, including FX brokers.
Commenting on the move to partner with TR, Mark Melhorn, eFXData’s Managing Director, said: "Our new partnership with TR not only solidifies the consistency and depth of eFXplus' derived data, but also expands our data service to a wider array of users and investors.”
Same program, new information sources
TR’s IFR Markets commentary will be familiar to those in the FX industry. Similar to eFXData, the service provides real-time commentary and analysis on rates, credit, and FX, 24-hours a day.
eFXData has developed a program, which fits with this API, that can ‘read’ the data put out by IFR Markets and attach it to the existing data that the company gathers from other sources.
The gathering of technical-tactical data from TR will mark a change for eFXData. The firm has traditionally gathered institutional derived data of systemized orders, insights, forecasts, and quant models.
eFXData, an FX data provider, has confirmed that it is launching a partnership with media giant, Thomson Reuters (TR). eFXplus, one of eFXData’s Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term products, announced on Tuesday that it will now be able to derive data from TR’s International Financing Review Markets (IFR Markets) service.
eFXplus is the main product that eFXData offers. The Boston-based start-up provides a constant stream of price-based FX data for both individual investors and large companies, including FX brokers.
Commenting on the move to partner with TR, Mark Melhorn, eFXData’s Managing Director, said: "Our new partnership with TR not only solidifies the consistency and depth of eFXplus' derived data, but also expands our data service to a wider array of users and investors.”
Same program, new information sources
TR’s IFR Markets commentary will be familiar to those in the FX industry. Similar to eFXData, the service provides real-time commentary and analysis on rates, credit, and FX, 24-hours a day.
eFXData has developed a program, which fits with this API, that can ‘read’ the data put out by IFR Markets and attach it to the existing data that the company gathers from other sources.
The gathering of technical-tactical data from TR will mark a change for eFXData. The firm has traditionally gathered institutional derived data of systemized orders, insights, forecasts, and quant models.