MarketFactory, part of ION Markets, has partnered with FX data and analytics provider Tradefeedr as it looks to offer clients an improved trading experience.
As part of the partnership, Tradefeedr’s data and analytics platform is now fully integrated within MarketFactory, giving clients the ability to review their trading markouts, impacts and spreads directly with liquidity providers, using shared data sets and a common platform.
New and existing customers using the MarketFactory service will now be able to access Tradefeedr’s data analytics solution as an add-on.
Tradefeedr’s FX trading database enables market participants across the sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to connect, analyse their trading data, and collaborate with one another.
“MarketFactory’s partnership with Tradefeedr will broaden our offering to clients, providing shared data sets through one unified platform,” said Eugene Markman, chief executive of MarketFactory.
“The combination of MarketFactory’s end-to-end connectivity and Tradefeedr’s unified, analysis-ready data is a compelling proposition in a market where real-time data-driven decision-making is key.”
Tradefeedr’s FX data analytics platform was launched in June this year, having onboarded 20 buy-side firms and 15 sell-side firms, with a further 20 in the pipeline. The platform was created with the aim of connecting the buy-side with brokers and banks to analyse execution analytics.
“I’m very excited by the possibilities this strategic partnership offers both Tradefeedr and MarketFactory clients. Our platform delivers significant benefits to market participants, through improving collaboration, and giving better access to trading information, providing greater transparency and trust in the market,” said Balraj Bassi, co-founder of Tradefeedr.