LSEG FX to Integrate Tradefeedr’s Data APIs

Tuesday, 13/02/2024 | 09:16 GMT by Arnab Shome

The integration would automate FX trading by linking decision-making and execution workflows.

It will bring pre-trade decision support and liquidity optimization for LSEG FX clients.

Tradefeedr, a provider of FX data analytics and data sharing services, and LSEG FX have entered into a strategic partnership, which will see the integration of Tradefeedr’s unified data APIs within the LSEG FX trading ecosystem, including FXall and flagship workflow tool, LSEG Workspace.

A Strategic Partnership

Announced today (Tuesday), the initial scope of the partnership between the two will cover a range of areas, including pre-trade decision support for LSEG FX buy-side and corporate customers, liquidity optimization and reporting for LSEG FX bank and broker customers, and delivery of Tradefeedr analytics integrated within LSEG Workspace.

“LSEG FX is the leading infrastructure provider in the FX market, and this partnership will bring great value to all clients as integrations go live,” Tradefeedr’s CEO and Co-Founder, Balraj Bassi, said.

“As our Open APIs gain market traction, they are becoming the new standard for trading analysis, decision support, and buy-side to sell-side collaboration. This partnership will enable us to bring new clients and Liquidity Providers to the Tradefeedr network, which will drive the interoperability of data and standards, enhance market transparency, and further improve FX analytics for the benefit of all participants.”

Streamlining the Need for Trading Data

Tradefeedr was established in 2017 and offers a network for sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to analyze trading data. Its network includes 20 sell-side clients, 50 buy-side firms, and 10 trading platforms.

The official announcement stressed that the partnership between Tradefeedr and LSEG would set net standard for automation in FX trading.

“By bringing together LSEG Workspace, FXall, and Tradefeedr, we aim to deliver another key element in our strategy to empower customers with data, analytics, and workflows across the trade lifecycle,” Dean Berry, the Group Head of Workflows at LSEG, said. “We look forward to delivering the planned solutions with Tradefeedr in FX and to exploring further collaboration across our services in the future.”