Tradefeedr Onboards Goldman, XTX and UBS
- The company provides a platform for FX market participants to share and analyze data
Tradefeedr announced on Tuesday that Goldman Sachs, UBS, and XTX Markets have become the first market makers to join its platform.
Launched last year, Tradefeedr provides a platform for companies to share foreign exchange trading data.
Based in London, the firm has already worked with retail broker CMC Markets.
The technology company was founded by Alexei Jiltsov and Balraj Bassi - two former currency traders that set up FX hedge fund Blacktree Investment Partners in 2009.
"Tradefeedr was born of the fact that to achieve better execution both 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 providers and liquidity consumers need to engage better and what was missing in that interaction is a common data platform," said Jiltsov.
"For the first time FX players can use and query a dedicated trade-event repository to share relevant metrics without revealing sensitive details."
More insights
Data shared over the Tradefeedr platform can allow market participants to gain a number of different insights into their trading capabilities.
For instance, a company could see how well its trading algorithm would perform when used with different liquidity providers.
The companies that have joined the platform are also unlikely to be the last.
In a statement, Tradefeedr said that it "will be continuing to onboard more [financial] institutions" in the coming weeks.
''Tradefeedr will enable liquidity providers and clients to analyse and have conversations about data together on a shared platform," said Jeremy Smart, global head of distribution at XTX Markets.
"For many buy-side firms, this is the first time they've had access to such sophisticated, independent 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 and been able to evaluate all their liquidity providers – for risk-transfers and algorithms – in one place. More transparency and more informed clients will result in a fairer market for all."
Tradefeedr announced on Tuesday that Goldman Sachs, UBS, and XTX Markets have become the first market makers to join its platform.
Launched last year, Tradefeedr provides a platform for companies to share foreign exchange trading data.
Based in London, the firm has already worked with retail broker CMC Markets.
The technology company was founded by Alexei Jiltsov and Balraj Bassi - two former currency traders that set up FX hedge fund Blacktree Investment Partners in 2009.
"Tradefeedr was born of the fact that to achieve better execution both 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 providers and liquidity consumers need to engage better and what was missing in that interaction is a common data platform," said Jiltsov.
"For the first time FX players can use and query a dedicated trade-event repository to share relevant metrics without revealing sensitive details."
More insights
Data shared over the Tradefeedr platform can allow market participants to gain a number of different insights into their trading capabilities.
For instance, a company could see how well its trading algorithm would perform when used with different liquidity providers.
The companies that have joined the platform are also unlikely to be the last.
In a statement, Tradefeedr said that it "will be continuing to onboard more [financial] institutions" in the coming weeks.
''Tradefeedr will enable liquidity providers and clients to analyse and have conversations about data together on a shared platform," said Jeremy Smart, global head of distribution at XTX Markets.
"For many buy-side firms, this is the first time they've had access to such sophisticated, independent 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 and been able to evaluate all their liquidity providers – for risk-transfers and algorithms – in one place. More transparency and more informed clients will result in a fairer market for all."