MarketFactory and Tradefeedr announce partnership to improve trading experience
MarketFactory, a company that builds solutions for risk management, trading, and analytics for the capital markets, has announced a partnership with TradeFeedr, a company that focuses on FX data and analytics.
The TradeFeedr platform is now integrated within the MarketFactory platform, enabling clients to review their trading markets, impacts, and spreads directly with liquidity providers, using a common platform and shared data sets. The TradeFeedr solution will be available to the new and existing users of MarketFactory as a new add-on service for them which they can switch on and off from within their platform. It would help the traders and market participants to analyze a range of sell-side and buy-side data which would, in turn, help them to make trading decisions and improve their accuracy. The need for reliable and on-time data is one of the key aspects of trading nowadays which has become a largely data-driven business. So, the need for data analytics is being felt now more than ever.
“MarketFactory’s partnership with Tradefeedr will broaden our offering to clients, providing shared data sets through one unified platform. The combination of MarketFactory’s end-to-end connectivity and Tradefeedr’s unified, analysis-ready data is a compelling proposition in a market where real-time data-driven decision-making is key,” commented Eugene Markman, MarketFactory Chief Executive Officer.
TradeFeedr onboard buy and sell-side firms on its platform so that it can aggregate their data and this will be useful for the clients to study the aggregated data and collaborate. As more and more clients are onboarded into the platform, the quality of the data is likely to increase which would improve the insights into the markets and help the clients to analyze this and make better trading decisions.
“I’m very excited by the possibilities this strategic partnership offers both Tradefeedr and MarketFactory clients. Our platform delivers significant benefits to market participants, through improving collaboration, and giving better access to trading information, providing greater transparency and trust in the market,” added, Balraj Bassi, Co-Founder of Tradefeedr.
MarketFactory is a part of ION Markets and has been at the forefront of providing technology and solutions to a variety of markets including equity, FX, and derivatives as well. The combination of MarketFactory and Tradefeedr would help their clients to deep-dive into the data and get additional insights.