MarketFactory, part of ION Markets, one of the leading international providers of trading, analytics and Risk Management solutions for capital markets, recently announced a strategic partnership with Tradefeedr, an independent FX data, and analytics provider.
According to an official announcement shared with Finance Magnates, the Tradefeedr data and analytics platform is now fully integrated within MarketFactory. The new integration allows clients to review their trading markouts, impacts and spreads directly with Liquidity providers, using a common platform and shared data sets.
For the new and existing clients, the data analytics solution of Tradefeedr will be available as an add-on. Tradefeedr has expanded its services significantly in the last 12 months amid a jump in demand from the industry. In June 2021, Tradefeedr launched an FX data and analytics platform with a broad network of participants including 15 leading sell-side and 20 major buy-side firms.
Commenting on the recent announcement, Eugene Markman, MarketFactory Chief Executive Officer, said: “MarketFactory’s partnership with Tradefeedr will broaden our offering to clients, providing shared data sets through one unified platform. 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
Established in 2018 by Balraj Bassi and Alexei Jiltsov. Tradefeedr received $3 million in funding during December 2020. IPGL, the private investment company owned by Lord Michael Spencer, became the cornerstone investor in Tradefeedr. In July 2021, Tradefeedr announced the appointment of Brianna SanGiovanni, the former Commercial Strategy Officer at EBS, as its new Head of Growth.
“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," Balraj Bassi, Co-Founder of Tradefeedr, commented on the latest partnership with MarketFactory.
