Tradefeedr, a provider of FX data analytics and data exchange solutions, has engaged in a strategic collaboration with LSEG FX. This collaboration will allow Tradefeedr to utilize the unified data APIs of Exchange FX to integrate them into LSEG FX’s trading ecosystem, which includes FXall and LSEG Workspace.
LSEG and TradeFeedr partnership for better CX
The partnership draws on a wide range of areas, such as pre-trade decision-making support for LSEG FX’s buy-side and corporate clients, liquidity optimization and reporting for LSEG FX’s bank and broker clients, as well as Tradefeedr analytics integrated directly into LSEG Workspace.
Balraj Bassi, Tradefeedr’s CEO and Co-Founder, viewed the partnership as a huge opportunity to benefit his clients as more of the integrations went live, said Balraj. Thus, he also spotlighted the Open APIs that helped in trading analysis, decision support, and collaboration between the buy-side and the sell-side.
Participation agreement, which is aimed at a client inflow and Liquidity Providers to the Tradefeedr network, increasing data interoperability, transparency of the market, and analytical FX for the sake of all parties.
Meeting the robust need for trading data
Tradefeedr, as its name implies, was started in 2017 to provide a network for analyzing trading data and has a clientele spectrum of sell-side, buy-side, regional banks, hedge funds, brokers, and central banks. Its market covers those two sell-side clients, fifty buy-side firms, and ten trading platforms.
Through the official announcement, TradeFeedr and LSEG are aiming to achieve an unprecedented level of automation in the FX market.
The Group Head of Workflows at LSEG said
“By bringing together LSEG Workspace, FXall, and Tradefeedr, we aim to deliver another key element in our strategy to empower customers with data, analytics, and workflows across the trade lifecycle. We look forward to delivering the planned solutions with Tradefeedr in FX and to exploring further collaboration across our services in the future.”