TradeFeedr, Euronext FX, Team Up for Analytics
Posted by Colin Lambert. Last updated: August 30, 2021
FX trading analytics provider TradeFeedr is working with Euronext FX to deliver execution quality data to clients of the platform.
This marks the first ECN to connect to TradeFeedr, which has thus far focused its efforts on connecting to the major liquidity providers in the FX market, via one API. This delivers normalised data to uses, allowing them to analyse their trading activity across a panel of LPs and venues.
The connection builds upon recent efforts by Euronext FX to shift its data focus away from real-time trade data, as provided by the Euronext FX Tape which was closed at the end of 2020, towards more relationship-based trading analytics. In July, the platform launched its Euronext FX Dashboard, providing metrics from the platform’s trading blended with CLS data to offer a picture of current and expected market conditions.
“We are delighted to be the first ECN to offer clients the ability to analyse the quality of their execution via the Tradefeedr environment,” says Kevin Wolf, CEO of Euronext FX. “This new relationship offers our customers the flexibility to be able to view, analyse and report post-trade activity through their preferred tool. Euronext FX and Tradefeedr’s ongoing and continued focus is to promote complete transparency and flexibility within the global FX market.”