Calpers Signs for Cürex Data and Analytics Service
Posted by Colin Lambert. Last updated: January 18, 2023
Cürex says it has signed an agreement with fund giant Calpers to provide it with pre‐ and post‐trade data analytics through Cürex’s Cipher platform.
The firm says Calpers maintains a trading relationship with Cürex and has been a supporter of its efforts to bring greater transparency and fairness to the buy side community. By deploying Cipher it says it is seeking to better manage its FX trading decisions, lower trading costs and improve trading outcomes.
Under the agreement, Calpers will continue to provide input to Cürex in the future as it introduces additional tools and enhancements to the platform.
Cipher includes real‐time analytics available to customers who execute their algo trades in Cürex’s buy side‐only liquidity pool. The pre‐trade suite includes a trade cost estimator, risk transfer price comparison and streaming volatility analysis. Post‐trade TCA allows customers to measure relative bank algo performance based on independently derived benchmarks, risk transfer comparison, slippage and performance against the market’s existing conditions at the inception of the client’s trading decision.
“Calpers is a longstanding leader in seeking to improve the buy side’s trading results across asset classes.,” says James Singleton, chairman and CEO of Cürex. “We’re delighted that they are continuing these efforts through their decision to use Cipher and its valuable streaming analytical content. Cürex’s unique data drives better insights compared to the alternatives available through other providers. We are grateful for their endorsement of our platform and our best execution efforts.”