Tradefeedr, a network for FX trading analytics and collaborative data sharing, and LSEG FX are to integrate Tradefeedr’s unified data APIs within the LSEG FX trading ecosystem, including LSEG’s FXall venue and its flagship workflow tool, LSEG Workspace.
This partnership will link decision-making and execution workflows, supporting dialogue between sell-side liquidity providers and the asset managers, hedge funds and corporates that transact over LSEG’s extensive network. Tradefeedr’s data analytics network includes 21 liquidity providers, 50 buy-side firms and 10 trading platforms.
The initial scope of the partnership intends to cover a range of areas, including: pre-trade decision support for LSEG FX buy-side and corporate customers; liquidity optimisation and reporting for LSEG FX bank and broker customers; and the integration of Tradefeedr analytics within LSEG Workspace.
Balraj Bassi, CEO and co-founder of Tradefeedr, said, “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,” Bassi added.
Dean Berry, group head of workflows at LSEG, said, “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.”
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