Tradefeedr, PrimeXM, link Up

Community-based, FX data and analytics provider Tradefeedr has partnered with liquidity aggregation provider Prime XM to deliver Tradefeedr’s data analytics to clients using XCore technology stack provided by Prime XM.

Tradefeedr has created a common, independent FX trading database allowing market participants across the sell side, buy side, regional banks, hedge funds, brokers and central banks to connect, analyse their trading data and collaborate. In June its launched its FX data analytics platform with more than 15 sell-side and 20 buy side firms onboarding and another 20 in the pipeline.

The Prime XM partnership follows a deal with Euronext FX, announced in August, and allows participants of Prime XM’s XCore community to gain access to trading data management and analytics in a seamless way. XCore aggregates liquidity and supports multi-asset classes, with support for multiple industry standard interfaces.

The partnership will deliver the full suite of Tradefeedr’s collaborative tools to Prime XM clients on demand when they elect to gain connectivity with Tradefeedr.

“In today’s markets, trading, analytics and collaboration with your counterparties is an essential part of the trading solution and there is a significant variation in the amount and quality of data inputs that enable users to make the best decisions,” says Tradefeedr co-founder Alexei Jiltsov. “The partnership with Prime XM is a natural fit for Tradefeedr given the seamless integration with XCore tech, providing trading and market access to their institutional clients.”

Prime XM COO, Galin Georgiev adds, “XCore technology bridges hundreds of makers and takers, processing millions of trades in our four data centres: NY4, LD4, TY3 and SG1. XCore has the ability to extract significant tick and trade data, and provides to clients valuable reporting for their data-driven analytics, and we believe the Tradefeedr’s powerful data and analytics capability will be additive to the XCore Community.”