LSEG FX and Tradefeedr have confirmed plans to launch a new strategic partnership aimed at enhancing foreign exchange transparency and decision-making capabilities across the street.
The initial scope of the partnership intends to focus on pre-trade decision support for the buy-side and corporates, liquidity optimisation and reporting for sell-side users on LSEG’s platform and to deliver Tradefeedr’s analytics within LSEG’s Workspace platform.
Tradefeedr’s unified APIs will be integrated with LSEG’s FX trading ecosystem and FXall trading venue to develop a “new standard for automated FX trading”.
“Tradefeedr will be a welcome addition to the LSEG Workspace and LSEG FX ecosystems,” Dean Berry, group head of workflows at LSEG.
“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.”
Tradefeedr claims to have up to 21 liquidity providers, 50 buy-side and 10 trading venues included in its analytics network.
“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,” said Balraj Bassi, CEO and co-founder of Tradefeedr.
“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.”
LSEG has made significant investment into its FX offering in recent months, leveraging it’s now fully integrated FXall platform acquired as part of its Refinitiv deal in 2021.
The exchange operator’s new Singapore–based NDF matching platform went live in November last year, followed by an announcement unveiling a new integrated FX solution in partnership with FlexTrade in December.