FX analytics provider Tradefeedr and execution management system FactSet Portware have integrated their offerings to expand FX trading data and analytics.
As part of the deal, clients of FactSet will be able to connect to Tradefeedr’s analytics services via its Portware EMS.
“Our clients are increasingly demanding advanced FX analytics, to inform their decisions and improve trading outcomes,” said John Marchese, VP head of FX EMS sales at FactSet.
“Integrating Tradefeedr’s API into our EMS will inform pre-trade decision-making about the execution of particular trades, providing high levels of automation and data-driven recommendations based on data.”
Clients will also be able to access a new pre-trade decision making service which will enable asset managers and hedge funds using the Portware EMS to select algo execution or request for market, as well as selecting a liquidity provider to use depending on requirements.
“This collaboration with FactSet automatically provides clients with a cohesive and transparent view of trading data, enabling more astute decision-making,” said Balraj Bassi, chief executive and co-founder of Tradefeedr.
“Our network of clients, LPs, venues and EMS partners continues to grow, meaning that the Tradefeedr APIs are fast becoming the new standard for trading analysis, decision support and buy-side to sell-side collaboration. This connection enables us to bring new asset manager clients to the Tradefeedr network, which will enhance market transparency, and further improve FX analytics for the benefit of all participants.”
FactSet is not the only EMS or execution platform to be built out to by Tradefeedr in the last 12 months.
In September last year, the firm confirmed a partnership with FlexTRADER EMS, aimed at expanding FX pre-trade forecast data.
It also integrated with LSEG FX in February in a deal aimed at expanding FX execution optionality by building out to LSEG’s FX trading ecosystem and FXall platform.