Thomson Reuters Eikon Adds Data Visualization Features for FX Analysis

Having data is one thing, knowing how to read it and use it is something else. Within the financial sector, this issue has become a bigger deal for businesses and traders as big data solutions are becoming more accessible.

As a solution for analyzing collections of arrays of data, developers have increased the use of visualization products. Examples can be viewed in our everyday life such as Google maps using marker clusters or colorful icons to symbolize different types of destinations. In the trading world, perhaps the most common example of data visualization products are heat maps that display in color which assets or groups of securities are rising or falling on the day.

In this regard, adding features for 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 traders, Thomson Reuters has announced the launch of a data visualization offering for currencies that is being made available for free to users of the Thomson Reuters Eikon platform. Beyond a heat map of price changes, the new offering also provides visualization structures for currency Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term of spot and forward rates.

Similar to volatility surface calculations, Eikon’s visualization feature allows traders to spot anomalies in the direction of a currency’s implied volatility. Analysis of spot and forward volatility is used to estimate future hedging costs as well as calculate whether derivative prices are over or undervalued.