ThinkForex Signs a Deal to Deliver FX to Interactive Data's Consolidated Price Feed

Australian Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD broker, ThinkForex, has issued a company announcement detailing that the firm has become one of the latest data contributors to Interactive Data’s Consolidated Feed. Under the agreement, clients of Interactive Data can access ThinkForex’s spot FX price data.

ThinkForex got licensed by the Australian Securities and Investments Commission (ASIC) in 2012 and relocated its global headquarters from New Zealand last year. Since its relocation, the company is on the lookout for global expansion opportunities the deal with Interactive Data can provide by highlighting the firm's technology and spot FX pricing.

The Interactive Data Consolidated Feed for foreign exchange data aggregates feeds from more than 85 over-the-counter (OTC) data providers and major companies like BGC Partners, ICAP, Tradition, Tullet Prebon and WM/Reuters. The company then uses its technology to distribute the data worldwide.

The Managing Director of ThinkForex, Nauman Annees, stated in the announcement, "The company is honored to be included in Interactive Data’s Consolidated Feed. This showcases our superior low-latency technology and institutional spot Forex pricing we deliver to our clients daily. We look forward to further collaboration with IDC in the months and years to come.”

Interactive Data’s Director of Global OTC Content, Shai Popat, stated, “Our feed and desktop clients depend on us for high quality, streaming FX data and this comes from our systematic selection of contributors from amongst the leading Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, tier 1 banks, brokers and corporates worldwide. We are delighted to add ThinkForex data to our products which further shows our commitment to sourcing content based off executable FX feeds.”