FairXchange has launched a new AI-driven alerting tool aimed at enhancing FX liquidity data analytics and improving the efficacy of trading processes.
Guy Hopkins
Specifically, the Horizon Sentinel tool identifies commercially relevant changes to the liquidity of financial institutions as well as counterparty activity as soon as they occur, effectively reducing the time firms need to spend analysing FX liquidity data.
Guy Hopkins, founder and chief executive of FairXchange, said: “In high complexity trading environments, it is becoming progressively harder for people to keep on top of all the recent developments. Sentinel watches your business for you and provides timely, automated notification of important changes as soon as they occur. This improves productivity, substantially reduces opportunity cost and allows clients to focus on what adds the most value both to their own firm and their counterparties.”
He added that during Sentinel’s testing period there was an “overwhelmingly positive” response.
Horizon Sentinel can automatically notify firms’ compliance and management teams of significant changes in transaction costs or notable changes in trading activity from a particular set of clients.
The tool is available as an optional module in Horizon, FairXchange’s data analytics platform.
Read more: Saxo Bank enhances offering with FairXchange liquidity management data analytics platform, Horizon
Wayne Roworth, global head of FX at Sucden Financial, an active user of Sentinel’s AI tool over several months, said: “We have a complex trading business with many important counterparties, both on the liquidity provider and client side. FairXchange’s AI driven alerting empowers our team to keep abreast of every change in the business.
“[…] The dialogue that this data facilitates, and the speed with which we can act upon it, has resulted in numerous improvements to our liquidity that have allowed us to increase our client volumes and associated revenues.”