Keeping an eco-Eye on the efficiency of your FX business: FXecosystem launches comprehensive real time performance monitor
It has become patently obvious to many retail FX companies that individual FX traders are becoming increasingly sophisticated and are in many cases no longer subservient to basic trading systems provided uniformly by all brokers. In many cases, retail FX traders are building their own systems, customizing the interfaces to meet their own trading requirements, […]
It has become patently obvious to many retail FX companies that individual FX traders are becoming increasingly sophisticated and are in many cases no longer subservient to basic trading systems provided uniformly by all brokers.
In many cases, retail FX traders are building their own systems, customizing the interfaces to meet their own trading requirements, and are increasingly au fait with real time analytics and the monitoring of performance, rather emulating the behavior of institutional traders in the proprietary trading firms of New York and Chicago. Indeed, institutional FX technology has made its way onto an expanding market with dedicated vendors providing services across multiple companies, branching away from the internal R&D desks inside major banks.
The very latest addition to this is FXecosystem’s launch of its new performance monitoring tool, which heads onto the market today under the name of FXeco-Eye.
FXecosystem, led by CEO James Banister, is no stranger to institutional trading technology. Mr. Banister has spent the last 20 years in the FX industry, and has been a central figure in the development of trading systems for large banks, as well as FX e-commerce products.
Mr. Banister spent 10 years at Citigroup, where he led the launch of various franchises including Citigroup’s 1st generation trading platforms, the most famous of which is the multibank electronic platform FXall which was sold to Thomson Reuters Corp (NYSE:TRI) in 2012 for $625 million and today battles it out against Britain’s ICAP ICAP plc (LON:IAP) at the very upper echelons of the institutional platform sector, trouncing the volumes achieved by HotspotFX every month by more than double.
FXeco-Eye takes this depth of knowledge to wider customers, providing businesses with various critical data items including calculating the total cost of ownership (TCO) and trade cost analysis (TCA) of the technology with which they operate their business.
Post-event analytics feature highly within FXeco-Eye, and the system is able to assist users in the prevention of disruptions in service on networks or applications.
Mr. Banister made a commercial statement on the launch of FXeco-Eye, stating
FXeco-Eye provides drill down data to a granular level enabling users to troubleshoot network, application and connectivity issues without creating disruptions to business critical flows. It is easily accessible via a web browser and works across multiple asset classes.”
FXeco-Eye is a powerful real-time performance monitoring and analytics tool which has a wide range of benefits for planning, troubleshooting and enhancing efficiencies. The bespoke visualisation capabilities make it easy for organisations to identify issues and gain an in-depth understanding of all their Capital Markets connectivity links and business flows.”
There really is no other product like this on the market. We anticipate significant demand for FXeco-Eye, particularly from organisations who manage their own networks and require this as a standalone product to enhance their current infrastructure.