FairXchange, part of United Fintech, has announced the launch of Horizon Sentinel, an AI-driven alerting tool that identifies commercially relevant changes to a Financial Institution’s liquidity and counterparty activity as soon as they occur.
The data science firm specializing in Foreign Exchange markets is addressing the challenges of highly complex trading environments, where it is progressively harder for people to keep track of all the recent developments.
Sentinel notifies compliance and management teams
Sentinel dramatically reduces the time Financial Institutions spend on analyzing their FX liquidity data, freeing up time to maximize the opportunities identified. In addition to benefiting traders and salespeople, Sentinel is able to automatically notify compliance and management teams of specific changes they may need to be aware of, such as a significant change in transaction costs or notable changes in trading activity from a particular set of clients.
Sentinel compliments FairXchange’s existing analytics which provide rigorous period-to-period comparison and data-driven insights. It is available as an optional module in FairXchange’s data analytics platform, Horizon.
Sucden Financial praises Sentinel
In the build-up to the release, Sentinel has been trialed by several long-standing clients including Sucden Financial.
Wayne Roworth, Global Head of FX at Sucden Financial said, “We have been actively using the Sentinel AI tool in Horizon for several months, and it has had a substantial positive impact on our business. We have a complex trading business with many important counterparties, both on the liquidity provider and client side. FairXchange’s AI driven alerting empowers our team to keep abreast of every change in the business.
“Sentinel allows us to quickly identify potential changes and act upon them immediately. It informs my team and me of everything we need to know, allowing us to proactively manage dialogue with our counterparties. In particular, our liquidity providers very much value the fact that we can play an active role in monitoring the flow, highlighting areas of potential concern that we can then work on together. This makes for a much more balanced relationship, which importantly allows us to differentiate ourselves from our peers.
“The dialogue that this data facilitates, and the speed with which we can act upon it, has resulted in numerous improvements to our liquidity that have allowed us to increase our client volumes and associated revenues.”
Guy Hopkins, Founder and CEO of FairXchange, commented: “During our testing period, Sentinel has had an overwhelmingly positive response, transforming conversations between liquidity consumers and liquidity providers. In high complexity trading environments, it is becoming progressively harder for people to keep on top of all the recent developments. Sentinel watches your business for you and provides timely, automated notification of important changes as soon as they occur. This improves productivity, substantially reduces opportunity cost, and allows clients to focus on what adds the most value both to their own firm and their counterparties”.
Saxo Bank joined FairXchange ecosystem of LPs
Saxo Bank was one of the latest FIs to join the expanding FairXchange ecosystem to enhance its data-driven dialogue with Liquidity Providers (LPs). Since January, FairXchange has been providing Saxo Bank with its liquidity management platform, Horizon, as the bank invests in the early adoption of data-driven approaches as part of its efforts to maximize opportunities through collaborative efforts in liquidity management.
FairXchange is a data science firm specializing in Foreign Exchange markets founded in 2016 by Guy Hopkins, a former Bloomberg veteran and head of FX at Morgan Stanley. Specializing in microstructural analysis of financial markets, the firm offers better transparency around execution performance. FairXchange has no affiliation with any liquidity providers or trading venues, and is already being used by an extensive client base including several global financial institutions.
