FX analytics provider Tradefeedr and execution management system FactSet Portware have combined their services to expand FX trading data and analysis.
As part of the agreement, FactSet clients will be able to connect to Tradefeedr’s analytics services via Portware EMS.
“Our clients are increasingly looking for advanced FX analytics to inform their decisions and improve trading outcomes,” said John Marchese, vice president of FX EMS sales at FactSet.
“Integrating Tradefeedr’s API into our EMS will inform pre-trade decisions regarding the execution of specific trades, providing a high degree of automation and data-driven recommendations based on data.”
Clients will also have access to a new pre-trade decision-making service, allowing asset managers and hedge funds using Portware EMS to choose between algorithmic execution or market requests, and select which liquidity providers they use depending on their requirements.
“Our partnership with FactSet provides our clients with an automated, consistent and transparent view of their trading data, enabling them to make smarter decisions,” said Balraj Bassi, CEO and co-founder of Tradefeedr.
“As our network of clients, LPs, venues and EMS partners continues to grow, the Tradeeedr API is becoming the new standard in trade analytics, decision support and buy-side and sell-side collaboration. This connection will enable us to bring new asset management clients onto the Tradeeedr network, increasing market transparency and further improving FX analytics for the benefit of all participants.”
FactSet is not the only EMS or execution platform built by Tradefeedr in the past 12 months.
Last September, the company announced a partnership with FlexTRADER EMS to expand its FX pre-trade forecast data.
The firm also merged with LSEG FX in February in a deal aimed at expanding FX execution options by building on LSEG’s FX trading ecosystem and FXall platform.
