Tradefeedr, a network for FX trading analytics and collaborative data sharing, has announced that FactSet’s clients will be able to connect to Tradefeedr’s suite of analytical services and will be able to access a new pre-trade decision-making service from within FactSet’s EMS, Portware.
According to Balraj Bassi, CEO & Co-founder of Tradefeedr, this collaboration with FactSet automatically provides clients with a cohesive and transparent view of trading data, enabling more astute decision-making.
“Our network of clients, LPs, venues and EMS partners continues to grow, meaning that the Tradefeedr APIs are fast becoming the new standard for trading analysis, decision support and buy-side to sell-side collaboration,” he said.
“This connection enables us to bring new Asset Manager clients to the Tradefeedr network, which will enhance market transparency, and further improve FX analytics for the benefit of all participants,” he added.
The pre-trade service will automatically enable Asset Managers and Hedge Funds using FactSet’s EMS to make data-driven decisions such as choosing algo execution or RFQ, identifying which LP panel to use, and which execution algo matches their requirements.
FactSet’s EMS, Portware, provides Asset Managers with a single method of execution across all assets, combining deep liquidity with high levels of automation.
Integrating with Tradefeedr enables its clients to analyse all of their FX trading using a trusted, independent platform.
John Marchese, VP, Head of FX EMS Sales at FactSet, said “We are delighted to integrate with Tradefeedr. Our clients are increasingly demanding advanced FX analytics, to inform their decisions and improve trading outcomes. Integrating Tradefeedr’s API into our EMS will inform pre-trade decision-making about the execution of particular trades, providing high levels of automation and data-driven recommendations based on data.”
Tradefeedr’s data analytics network includes 21 leading liquidity providers, 50 major buy-side firms and 10 trading platforms.
The result is a consistent view of trading data combined with advanced independent analytical tools. The firm recently announced the formation of its Client Advisory Group, comprised of distinguished leaders from leading buy-side institutions.
