Refinitiv adds market spreads data to FXall trade performance analytics

Traders can monitor spreads quoted by liquidity providers as Refinitiv expands trade performance analytics on FXall platform.

Refinitiv has expanded the data accessible via its FXall trading platform to include spreads as buy-side traders continue to navigate FX markets amid the coronavirus pandemic.

The move will allow traders to directly access market spreads data on FXall through Refinitiv’s trade performance analytics service, a web-based and self-service analytics platform that assesses transaction costs and historical trading performance.

“Refinitiv FXall is committed to offering market participants the data, insights and analytics they need to make better informed decisions,” said Jill Sigelbaum, head of FXall, Refinitiv. “Our clients can now conduct detailed analysis of weekly spreads across Refinitiv FXall’s market-leading RFQ platform, and customise their analysis as needed to look at specific instrument types and currency pairs.”

Refinitiv added that the expansion also means buy-side traders using the FXall multi-dealer trading platform can monitor and compare spreads that they have been quoted by liquidity providers.

In March, FXall trading volumes increased 25% year-on-year amid a surge in market volatility driven by the coronavirus pandemic. Refinitiv said the significant uptick was mainly driven by asset managers, with a 45% increase over the same period.

“Buy-side traders are dealing with deteriorating liquidity conditions, including a widening of spreads quoted by their liquidity providers and lower levels of liquidity available for certain amounts. Through periods of illiquidity they are having to spend more time to get normal business done,” said Francois Lamy, strategy director of FXall, in a recent blog post.

Join Refinitiv and The TRADE for a two-part webinar series from 24 June on FX Trading as industry experts discuss market behaviour around automation during the COVID-19 disruption and what it means for the future.