FlexTrade Integrates Tradefeedr
Posted by Colin Lambert. Last updated: December 3, 2021
Tradefeedr’s data analytics API has been integrated into FlexTrader EMS to enable the collaborative analysis of trading performance between liquidity providers and their clients using standardised common metrics. The firm’s say the first FlexTrade client, a European tier-one buy-side firm, is now live and in production using the integration.
The move is designed to deliver buy-side trading teams using FlexTrader EMS seamless access to real-time, analysis-ready FX data to improve the speed and quality of trading-decision making – something the firms stress is crucial in today’s fast-moving environment.
Tradefeedr delivers a common, independent FX trading database allowing market participants to connect, analyse their trading data, and collaborate. It provides standardised data for market participants to deliver informed decision making and stronger relationships. Buy-side FX trading teams using Tradefeedr can leverage this data via a library of pre-existing analytics templates covering everything from transaction cost analysis, custom best execution policies and liquidity management, or use business tools to build their reports and analytics without recourse to IT.
“A significant operational burden buy-side trading teams face is producing accurate, normalised FX data on which to base trading decisions,” says Andy Mahoney, managing director, EMEA at FlexTrade. “By integrating Tradefeedr directly into our EMS order blotter, analysis-ready data and analytics are available at their fingertips, delivering actionable intelligence when FX traders need it the most.”
Balraj Bassi, co-founder at Tradefeedr, adds, “Tradefeedr’s FX trading and analytics platform removes the siloes traditionally associated with the buy- and sell-side, engendering better relationships and decision making, and removes the need to aggregate the disparate data sources associated with FX market and trading data. As a result, our platform will deliver significant benefits to our mutually shared clients by delivering better access to trading information.”