FXSpotStream, which provides FX electronic liquidity distribution, has integrated Horizon, FairXchange's data analytics platform, enhancing real-time analytics for more precise trading execution and analysis.
Announced today (Thursday), the liquidity management team at FXSpotStream will benefit from the offerings of Horizon to manage relationships with both price-takers and liquidity-providing banks.
Further, the clients of FXSpotStream will have insights into their execution, which, according to the company, will optimize their trading and strengthen their relationships with their liquidity providers.
A Major Name in the FX Industry
FXSpotStream is a bank-owned consortium established in 2011. Along with its services in the institutional spot forex market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and allocations over its API, thus expanding its services.
"We are always looking for ways to enhance our offering for both clients and LPs, and FairXchange's Horizon platform will allow our clients to make informed decisions regarding their liquidity," said Antony Brocksom, the Head of Sales at FXSpotStream.
"FairXchange has developed a tremendous product, and we are very excited to be working with them."
A United Fintech Portfolio Company
FairXchange provides tools for microstructural analysis to financial market participants, bringing clarity and transparency to execution performance and facilitating data-driven dialog between counterparties. It specializes in the forex market and caters to both buy-side and sell-side clients. United Fintech bought 25 percent of the company in 2021.
"FXSpotStream is one of the undisputed leaders in the provision of aggregation services, a unique technology provider that delivers crucial efficiencies to the FX trading community," said Guy Hopkins, the CEO and Founder of FairXchange. "We are delighted to be working with them to deliver our award-winning Horizon platform, bringing together FXSpotStream's trading services with our market-leading, independent analytics."
