FlexTrade Systems, a provider of multi-asset execution and order management systems, and Tradefeedr, a provider of FX data analytics, today announced the integration of Tradefeedr’s FX pre-trade forecast data within FlexTrade’s multi-asset platform, FlexTRADER EMS.

The move comes as FX traders demand access to unique big data sets to improve transparency, seamlessly embed it to operationalize workflows to optimize trade decision-making and guide the overall trading process.

Tradefeedr’s unified data analytics API offers a seamless connection to a global FX data set, which increases transparency in pre- and post-trade and enables buy-side FX desks to make informed trading decisions. The new solution brings standardized, aggregated trading data into one place to be analyzed, whether executed by algo or risk transfer (RFQ or RFS).

Leveraging Tradefeedr’s peer universe data empowers clients to assess the performance of their execution algos compared to the industry. This facilitates meaningful conversations with algo providers, enabling the identification of the best algorithms and execution styles that align with market conditions, risk profiles, and other industry parameters.

Balraj Bassi, Co-Founder & CEO , Tradefeedr, comments:

“We are now moving into the next stage in the evolution of accessible and actionable FX data, where buy-side trading desks can make data-driven decisions based on global data sets. For years, acquiring, aggregating, and using big data has been a challenge – this is no longer the case. Tradefeedr’s new data API changes this, delivering FX traders the information they need to optimize trading execution and outcomes.”

Andy Mahoney, Managing Director, EMEA at FlexTrade Systems, stated:

“We’re delighted to extend our partnership with Tradefeedr to incorporate its newly launched API within FlexTRADER EMS. The move is in response to the increased demand for advanced, comprehensive FX analytics from our multi-asset client base to deliver innovative and actionable pre-trade data tightly integrated within their order blotter. Having the data available in this way can help optimize trading decision-making and enable traders to efficiently handle low-touch orders by applying automation via our FlexAlgoWheel solution.”