Siren FX Partners with QuantHouse

FX benchmark and reference data provider Siren FX has unveiled a partnership with market data provider QuantHouse to integrate its fixing data into the QuantHouse product offering.

The firms say the move is intended to improve pricing for QuantHouse clients executing large FX transactions and comes as Siren FX has added a five-minute reference rate to its suite of products in response to customer demand. The firm says this allows customers to migrate from their existing FX benchmark to Siren for users who need a proxy for the standard benchmarks in addition to the original Siren FX 20-minute calculation.

“We are excited to partner with QuantHouse as a key route to market to help our customers seamlessly onboard the Siren FX products into their workflow,” says John Frade, head of sales at Siren FX. “By partnering with QuantHouse we are confident that customers will quickly benefit from the additional choices around their FX trade, fixing and reference pricing.”

Rob Kirby, EMEA head of sales & business development from QuantHouse, adds, “QuantHouse strives to offer our customers the most flexible data solutions for their entire workflow. We immediately saw the benefits of the Siren fixing products for our clients, which is why we moved quickly to be the first vendor to offer this new data product with Siren.

“Firms using existing FX reference rates can be challenged by a lack of choice and transparency in how the main FX benchmarks are calculated, which can result in an added level of cost and complexity,” he continues. “The Siren fixing product aims to remove this cost and complexity from FX transactions while giving customers choice in the execution of their investments related to foreign exchange activity.”