Tradefora captures “Most Innovative Fintech Provider” title at FinanceFeeds Awards 2023

FinanceFeeds Editorial Team

Tradefora PLC, an independent software company established in 2015, has been honored with the title of “Most Innovative Fintech Provider” at the FinanceFeeds Awards 2023. The achievement highlights the high standard of Tradefora’s in-house technology and technical expertise in providing actionable insights to the trading activities in real-time. 

The company’s mission revolves around promoting transparency within the over-the-counter (OTC) markets, offering a range of innovative solutions that provide real-time transaction cost analytics (TCA), trade execution quality measurement, and regulatory technology solutions.

Specializing in leveraging big data and machine learning technologies, Tradefora’s proprietary systems analyze tick-by-tick market data from over 100 brokers, spanning multiple instruments including FX, precious metals, energy, stock index CFDs, and margin crypto products.

One of Tradefora‘s key offerings includes a suite of tools tailored to assist brokers in aligning with best execution regulatory requirements while also improving their financial performance. Solutions like DataGuard, FeedGuard, and TradeGuard are extensively used among institutional sales representatives, dealing desks, and regulatory bodies to bolster operational efficiency and ensure compliance with industry standards.

Tradefora’s retail division introduced an industry-first peer-to-peer reference feed, culminating in the development of the Tradefora Composite Index (TCI) – an aggregation of real client trading data from numerous brokers encompassing over 150 trading instruments. This pioneering approach enables traders to verify their trades against market average pricing using Tradefora’s TradeGuard engine, thereby greatly boosting liquidity, trade execution, and pricing uptime for brokers.

Quote from Tradefora:

“We are honored to receive the FinanceFeeds Award for Most Innovative Fintech Provider. We remain committed to making the OTC market more transparent and more efficient to all its participants. Over the last decade, with the proliferation of automated expert advisors there’s been a remarkable shift within the trading community. Many traders have come to understand that Transaction Cost Analysis (TCA) is now a fundamental aspect of modern trading. At the heart of our service for best execution analytics lies a dedication to independence and accuracy, complemented by the transparency we maintain regarding the underlying data.  Our broker clients view this as crucial for enhancing workflows, improving liquidity and fine-tuning their execution. We are proud to play an educational role for a growing global trader community who utilize our services on a daily basis.”

Quote from FinanceFeeds:

“Winning the Most Innovative Fintech Provider award reaffirms Tradefora’s pioneering efforts in offering cutting-edge solutions for brokers and traders alike. The adage ‘you cannot manage what you cannot measure’ holds true here – TCA is all about quantifying the quality of trade performance. Tradefora focuses on the simplification of big data within the context of a constant pursuit of innovation. By utilizing techniques like Machine Learning, they have developed advanced dashboards that enable powerful monitoring of your trading activities and provide detailed insights into each order execution.”

Recently, Tradefora debuted a beta version of its Business Intelligence tools, providing broker clients with advanced custom market pricing reports. This innovative tool delivers a timely and highly accurate asset pricing view by comparing prices across various forex brokers on a list of most popular trading instruments and account types.

Furthermore, the company’s collaboration with the Financial Commission has been instrumental in equipping broker members and traders with advanced tools for analyzing trading costs, including hidden costs like slippage. The approach ensures that brokers provide clients with the best possible prices, which improves overall trade execution quality.

The suite of products includes independent best execution verification tools for traders, leveraging the Tradefora Composite Index (TCI) – a real-time benchmark accounting for spreads and commissions, offering an objective evaluation of broker performance.

Tradefora‘s commitment to pioneering technology and its focus on enhancing transparency and best execution practices have made strides in revolutionizing the OTC trading industry. Their suite of services has played a crucial role in evolving trading practices and ensuring regulatory compliance within the financial markets. This recognition by FinanceFeeds affirms their dedication to innovation and excellence in the fintech domain.

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