London-based FX trading analytics firm Tradefeedr and LSEG FX have announced plans to enter into a strategic partnership to integrate Tradefeedr’s unified data APIs into the LSEG FX trading ecosystem, including leading venue FXall and LSEG’s leading workflow tool , LSEG Workspace.
The parties said this partnership will enable a new standard for automated FX trading by seamlessly connecting decision-making and execution workflows and facilitating a data-driven dialogue between sell-side liquidity providers and asset managers, hedge funds and corporates who transact through LSEG’s extensive network.
The initial scope of the partnership intends to cover a number of areas including:
- Pre-trade decision support for LSEG FX buyers and corporate clients,
- Liquidity optimization and reporting for bank and broker LSEG FX clients and
- Delivery of Tradefeedr analytics integrated into LSEG Workspace.
Balraj Bassi, CEO and co-founder of Tradefeedr said,
“We see our partnership with LSEG FX as a pivotal moment for Tradefeedr. LSEG FX is the leading infrastructure provider in the forex market and this partnership will bring great value to all clients as the integrations roll out. As our Open APIs gain traction in the market, they are becoming the new standard for transaction analysis, decision support and buy-to-sell collaboration. This partnership will allow us to bring new clients and liquidity providers to the Tradefeedr network, which will lead to the interoperability of data and standards, enhance market transparency and further improve forex analytics to the benefit of all participants.”
Dean Berry, Group Head of Workflows at LSEG, said,
“Tradefeedr will be a welcome addition to the LSEG Workspace and LSEG FX ecosystems. By combining LSEG Workspace, FXall and Tradefeedr, we aim to deliver another key element in our strategy to empower clients with data, analytics and workflows throughout the trading lifecycle. We look forward to offering our planned solutions with Tradefeedr in FX and exploring further collaboration on our services in the future.”
Tradefeedr’s data analytics network includes 21 leading liquidity providers, more than 50 major market firms and 10 trading platforms. The result is a consistent view of transaction data combined with advanced independent analytical tools. The company recently announced the formation of its Customer Advisory Group, comprised of distinguished leaders from leading market organizations.
About Tradefeedr
Tradefeedr powers fair and unbiased trade analytics through its independent network, connecting the sell-side, buy-side and a range of financial institutions. This integrated platform encourages a data-driven dialogue and collaborative interaction between market participants. With Tradefeedr’s APIs, clients gain a consistent and transparent view of trade data, enabling smarter decision-making.