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

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<