BIdFX Launches Analytics Suite
Posted by Colin Lambert. Last updated: March 10, 2021
SGX’s BidFX has announced the launch of BidFX Data and Analytics.
The firm says that users are now able to access tools to manage the collection and cloud storage of client-specific liquidity streams, as well as monitor composite rates across multiple FX products. This gives institutional players a comprehensive view of the pricing, market impact and liquidity for every transaction, it adds.
“The ability to efficiently harness, normalise and analyse FX data has become increasingly vital for refining execution strategies and evaluating counterparties,” says Daniel Chambers, BidFX global head of data and analytics. “The launch of this product arms our clients with tools to provide valuable insights in real time. Today, having a secure platform is not enough; traders need access to fast and reliable market data and analytics. The latest expansion of the BidFX suite greatly streamlines market analysis, liquidity provision, back-testing and more, making it an essential addition to any FX trader’s tool kit.”