just now
February 13, 2024 - FX trading analytics provider Tradefeedr has announced its intention to form a strategic partnership with LSEG FX. The collaboration is set to integrate Tradefeedr's advanced data APIs into the LSEG FX trading environment, which encompasses the prominent FXall venue and the principal workflow tool, LSEG Workspace. This initiative is poised to redefine automated FX trading by integrating decision-making with execution workflows and fostering a data-centric dialogue among sell-side liquidity providers and the asset managers, hedge funds, and corporates on LSEG’s extensive network.
The partnership's initial phase is expected to encompass:
- Pre-trade decision support for LSEG FX's buy-side and corporate clientele
- Liquidity optimization and reporting for LSEG FX's banking and brokerage clients
- Integration of Tradefeedr analytics within LSEG Workspace
Balraj Bassi, CEO & Co-founder of Tradefeedr, commented on the collaboration, "We see our partnership with LSEG FX as a pivotal moment for Tradefeedr. LSEG FX is the leading infrastructure provider in the FX market, and this partnership will bring great value to all clients as integrations go live. As our Open APIs gain market traction, they are becoming the new standard for trading analysis, decision support and buy-side to sell-side collaboration. This partnership will enable us to bring new clients and Liquidity Providers to the Tradefeedr network, which will drive the interoperability of data and standards, enhance market transparency, and further improve FX analytics for the benefit of all participants.”
Dean Berry, Group Head of Workflows at LSEG, also expressed enthusiasm about the partnership, “Tradefeedr will be a welcome addition to the LSEG Workspace and LSEG FX ecosystems. By bringing together LSEG Workspace, FXall, and Tradefeedr, we aim to deliver another key element in our strategy to empower customers with data, analytics, and workflows across the trade lifecycle. We look forward to delivering the planned solutions with Tradefeedr in FX, and to exploring further collaboration across our services in the future.”
Tradefeedr's acclaimed data analytics network currently serves 21 prominent Liquidity Providers, over 50 major buy-side firms, and 10 trading platforms, ensuring a unified perspective on trading data coupled with state-of-the-art independent analytical tools. Furthermore, Tradefeedr has recently established its Client Advisory Group, consisting of renowned leaders from top buy-side institutions.
