FairXchange adds Outlier Alerting to its FX platform
FX data analytics firm FairXchange has announced that the latest release of its Horizon platform sees the arrival of Outlier Alerting – a statistical framework to help clients identify meaningful changes in counterparty activity.
When you have to keep track of large numbers of customers and/or liquidity providers these changes are all too easy to miss. Outlier Alerting is flexible and can be fine tuned to clients’ specific needs, using push notifications to help them spot both opportunities and potential issues more quickly.
Essentially, outlier alerting helps clients recognize and respond to issues, before they become problems.
FairXchange is a data science firm specialising in Foreign Exchange markets. The company’s guiding principle is that trading FX should be commercially sustainable for all participants – both buy-side and sell-side alike. The company provides state-of-the-art data analysis tools that allow clients to understand the true cost of their execution.
FairXchange was established by UK-based fintech entrepreneur Guy Hopkins in 2016.