Refinitiv introduces enhanced low-latency data feed for FX trading

Maria Nikolova

FX Binary Multicast Feed 5ms delivers more granular data to support market participants providing liquidity and trading on Refinitiv’s Spot Matching platform.

Provider of financial markets data and infrastructure Refinitiv today announces the launch of its FX Binary Multicast Feed 5ms, an enhanced low-latency market data feed to increase market transparency and support trading decision making for Refinitiv Spot Matching clients.

The new data feed will provide more frequent and granular data on the order book and traded prices from Refinitiv’s Spot Matching platform and enable clients to improve their price discovery and make effective and quick trading decisions on Matching. The ultra-low latency feed will enable an in-depth and near real-time update of the market with increased depth of book levels for enhanced insights. Clients will have higher certainty that they can achieve prices as they will be based on the market every 5ms, a five-fold increase in update frequency from the previous version of the feed.

Refinitiv’s goal is to improve liquidity and market making on Matching.

The Refinitiv FX Matching platform supports both Spot and Forwards trading. Matching data plays a critical role in the FX market structure. It is used as a reference rate in price discovery, the management of client orders and FX options contracts, WM/Reuters fixings and for determining the day’s high and low trading range.

The feed provides 5ms updates for a near real-time view of the Matching book made of firm (no last-look), all-to-all orders and high confidence of execution on the venue. New VWAP data that has also been added to the binary feed enables trading clients to monitor and adjust their algorithms in real time.

The new 5ms feed is available to all clients who subscribe to the current version of the Binary Multicast Feed.

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