FlexTrade integrates Tradefeedr’s FX pre-trade forecast data to enhance buy-side FX desks

Rick Steves

“For years, acquiring, aggregating, and using big data has been a challenge – this is no longer the case. Tradefeedr’s new data API changes this, delivering FX traders the information they need to optimize trading execution and outcomes.”

FlexTrade Systems has joined forces with Tradefeedr, the prominent independent FX data analytics provider, to unveil a game-changing integration.

This partnership brings Tradefeedr’s FX pre-trade forecast data into FlexTrade’s multi-asset platform, FlexTRADER EMS, catering to the evolving demands of FX traders for access to unique big data sets and enhanced transparency in the trading process.

A seamless connection to a global FX data set

In today’s rapidly changing financial landscape, FX traders require access to extensive data analytics to make informed decisions, improve transparency, and streamline workflows.

The integration of Tradefeedr’s unified data analytics API into FlexTRADER EMS is set to revolutionize the way buy-side FX desks operate, offering a seamless connection to a global FX data set.

Tradefeedr’s data analytics API aggregates and standardizes trading data, whether executed by algorithm or risk transfer methods like Request for Quote (RFQ) or Request for Stream (RFS).

This unified approach empowers clients to assess the performance of their execution algorithms in comparison to industry standards. It fosters meaningful discussions with algorithm providers, aiding the identification of the best algorithms and execution styles that align with market conditions, risk profiles, and other industry parameters.

Pre-trade insights + automating deterministic actions

The integration of Tradefeedr’s data within FlexTRADER EMS unlocks two key advantages for clients:

Firstly, it provides pre-trade insights on various topics, including the optimal timing for RFQ, understanding algorithm performance, and selecting the most suitable algorithms for specific scenarios. For instance, traders can access information about the risk transfer price on a trade and receive recommendations on the preferred broker for execution based on order characteristics.

Secondly, FlexTrade’s AlgoWheel can leverage Tradefeedr’s data and analytics to automate deterministic actions, such as automatically routing and executing orders when the risk transfer price aligns with Tradefeedr’s pre-trade cost.

Balraj Bassi, Co-Founder & CEO of Tradefeedr, highlighted the significance of this collaboration, said: “We are now moving into the next stage in the evolution of accessible and actionable FX data, where buy-side trading desks can make data-driven decisions based on global data sets. For years, acquiring, aggregating, and using big data has been a challenge – this is no longer the case. Tradefeedr’s new data API changes this, delivering FX traders the information they need to optimize trading execution and outcomes.”

Andy Mahoney, Managing Director, EMEA at FlexTrade Systems, commented: “We’re delighted to extend our partnership with Tradefeedr to incorporate its newly launched API within FlexTRADER EMS. The move is in response to the increased demand for advanced, comprehensive FX analytics from our multi-asset client base to deliver innovative and actionable pre-trade data tightly integrated within their order blotter. Having the data available in this way can help optimize trading decision-making and enable traders to efficiently handle low-touch orders by applying automation via our FlexAlgoWheel solution.”

This integration represents a significant leap forward in the world of FX trading, where data-driven decision-making and enhanced transparency are paramount.

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