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Trading Technologies International, Inc. (TT), a global capital markets technology provider, and FairXchange, part of United Fintech and a data science firm specialising in independent microstructural FX analytics, have announced the integration of FairXchange Horizon into TT's institutional foreign exchange (FX) offering.
With FairXchange Horizon's analytics embedded directly into the TT® platform, clients trading FX through TT will be able to access independent execution analytics across spot FX, forwards, non-deliverable forwards (NDFs) and swaps. FairXchange Horizon's liquidity and algo analytics allow clients to measure execution quality, analyse flow and liquidity-provider performance, and optimise counterparty relationships.
The partnership is aimed at institutional FX participants seeking greater execution transparency and liquidity optimisation, combining TT's execution capabilities with FairXchange's independent analytics to provide an FX trading workflow.
Tom Robinson, Partner, United Fintech
Tom Robinson, Partner, United Fintech said:
"This partnership addresses a clear need within institutional FX trading for best-in-class analytics to manage liquidity relationships and execution quality. Horizon delivers this by providing independent insight into flow, pricing and counterparty activity across the full FX execution workflow."
Tomo Tokuyama, EVP, Managing Director, FX, Trading Technologies commented:
"We will give clients access to best-in-class technology across every aspect of the trading workflow. FairXchange Horizon complements TT's institutional FX execution capabilities by providing independent, data-driven analytics that help clients evaluate execution quality, strengthen liquidity relationships and make more informed trading decisions. It's another example of TT delivering an open, multi-asset platform built around our clients' needs."
TT FX unifies OTC and listed markets within a single workflow, with liquidity from bank and non-bank liquidity providers alongside primary FX venues and electronic communication networks (ECNs). Clients can trade FX alongside futures and precious metals through a single interface within TT's execution management system (EMS), either directly or via bank algorithms.
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