360T selects FairXchange for data-driven decision making

Karthik Subramanian

FairXchange, a large markets data science firm, has announced that it has been selected by Deutsche Börse’s 360TGTX for independent execution analytics which will help the platform to monitor trading activities in a better manner.

FairXchange’s Horizon has been integrated with the 360TGTX platform to analyze various trade and pricing data. This will help support the 360TGTX Liquidity Management and Sales teams in having mutually beneficial data-driven discussions with both liquidity providers and liquidity consumers, optimizing execution and delivering commercial benefits to all the stakeholders. Trading data has long been one of the most difficult datasets to handle purely because it throws up a lot of variable data daily which different software and businesses have found to be a challenge. Analysis of these data has been key for trading success for many investors for many years and that is the reason why such products are always in high demand.

Guy Hopkins, Founder & CEO of, FairXchange added, “We are thrilled to be working with 360TGTX, a global trading venue with a broad range of execution styles and customer demographics. We can provide accessible, actionable data to the 360TGTX team to further optimize execution results.  We have adopted several features in Horizon to suit 360TGTX’s specific requirements, and they have provided critical input as we continue to innovate in this space. We are very excited to be partnering with a leading FX platform provider.”

By tying up with a third-party provider, 360T would be hoping to get a fair and independent analysis of its markets and the performance as well. The platform made by FairXchange provides for data-driven dialogue between the interested parties so that they can mutually identify and benefit from the various trading opportunities. This will also supplement the internal analysis of data that can be used by the exchange to co-relate with the data collected from the Horizon platform to draw different conclusions.

360T is used by a large base of users and customers that include more than 200 liquidity providers across 75 countries that rely on the company for their FX data. this data must be of high quality and reliable which can then be fed into the FairXchange Horizon platform for analysis which would then lead to specific conclusions and opportunities.

 

Read this next

Digital Assets

Zero Hash obtains AUSTRAC registration in Australia

Seed CX is expanding the reach of its crypto settlement solution, dubbed ‘Zero Hash,’ which has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider.

Digital Assets

UK advertising watchdog slams Arsenal over misleading crypto ads

The UK advertising watchdog has reprimanded Arsenal Football Club for promoting crypto assets without warning fans of the potential associated risks.

Retail FX

Swissquote profit slips as crypto revenue falls by two thirds

Swissquote Group, Switzerland’s provider of online trading services, reported that its H1 revenues dropped by nearly a quarter from a year ago as clients’ interest in crypto trading stagnated.

Digital Assets

Crypto.com granted approval to operate business in Cayman Islands

Crypto.com, one of the longest-established crypto platforms, has obtained a new registration in the Cayman Islands under the Virtual Asset Services Providers Act.

Executive Moves

United Fintech hires Mitch Vine and Danny Finnerty to expand US footprint

“United Fintech’s expansion in the US is pivotal to our mission of helping financial institutions digitize and gain access to best in class capital markets focused technology.”

Digital Assets

Ankr backed by Binance Labs after several initiatives in support of BNB Chain

Ankr has made a series of upgrades to the BNB Chain, including Erigon, the Archive Node, and the latest BNB Application Sidechain (BAS) scalability solution.

Retail FX

Financial Commission terminates membership of LordFX

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has expelled forex brokerage LordFX from its membership, according to a FinaCom statement.

Industry News

Match-Prime Liquidity sponsors Cypriot football club Omonoia FC

“We feel privileged to support Omonoia as it’s one of the largest teams in Cyprus, fandom size-wise, and we know it has a special connection with its supporters.”

Institutional FX

XTB’s X Open Hub adds 30 cryptos to white label offering for brokers

Its solutions include deep institutional liquidity on more than 5,000 global instruments, such as indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a white label platform that can be fully customized and branded for each brokerage.

<