February 20, 2023 - The independent FX Data Analytics Platform, Tradefeedr, today released its Algo Forecasting Suite, a collection of pre- and post-trade tools for clients to analyse and select the most appropriate FX execution algos.
The Algo Forecasting Suite has been developed, refined and rigorously back-tested against Tradefeedr’s global database. The result is industry-leading accuracy, as shown by the mean Global Forecast of the dataset for 2022 differing from the actual result by only 0.06 basis points.
The new service supports client decision making in terms of whether to use an FX algo, expected algo behaviour, and the most suitable algo given market conditions, risk appetite, time, or audit constraints. In addition, it provides post-trade analytics compared to Tradefeedr forecasts, and the opportunity cost of not using alternative execution algos.
FX Algo Forecasting is available via API and Excel, which allows clients to create their own pre- and post-trade automation. Over the coming weeks it will be added to the Tradefeedr dashboard of services.
“The Algo Forecasting Suite allows clients to access accurate and independent data to better inform their algo execution strategies, and to analyse performance after the trade,” said Tim Cartledge, Chief Data Officer at Tradefeedr. “At the heart of the new service, we have developed the Tradefeedr Cost Of Liquidity Score, where we have pioneered a method of collapsing volatility, liquidity provider pricing, currency pair and time of day down to a single number. This allows us to analyse algo performance across significantly different markets and conditions to ensure that comparisons are made on a like for like basis.”
Tradefeedr was named “Best Execution Product” in the Risk Awards 2023 and “Best Independent TCA Provider” in the FX Markets e-FX Awards 2022.
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