On Wednesday, Tradefeedr, a community-based FX data and analytics provider, announced a partnership with PrimeXM, a fintech liquidity aggregation provider, to provide Tradefeedr’s data analytics employing PrimeXM’s XCore technology stack. According to a news release shared with Finance Magnates, the relationship would give PrimeXM members access to advanced purchasing and selling data management and analytics in a “seamless” manner.
People can use the entire range of Tradefeedr’s collaboration tools once they choose to connect with the platform. “In today’s markets, buying and selling, analytics, and coordination with counterparties are critical components of the buying and selling decision, and there is significant variance in the quantity and high quality of information inputs that enable customers to make the best decisions. Given the smooth connection with XCore technology, the relationship with PrimeXM is a perfect fit for Tradefeedr, which provides institutional customers with buying and selling as well as market access. “We’re pleased to be working with the PrimeXM team, as we share the same idea of providing value-add expertise alternatives to customers looking for superior purchasing and selling data management,” said Alexei Jiltsov, Tradefeedr Co-Founder.
PrimeXM’s XCore is a liquidity aggregator for multi-asset courses across 120 industry-leading market makers, with support for a variety of interfaces.
Collaboration between XCore and Tradefeedr
“XCore has the flexibility to extract important tick and commerce information and provides customers with invaluable reporting for their data-driven analytics,” said Galin Georgiev, PrimeXM’s COO. “We believe the Tradefeedr’s highly effective information and analytics functionality will be additive to the XCore Group.” We’re delighted to collaborate closely with Alexei and the Tradefeedr team as they launch their subtle, data collaboration solution, which is now in use by several e-FX Institutional members who value standardised metrics and have a progressive and clear liquidity management strategy.”
The announcement comes just days after PrimeXM announced that its month-to-month buying and selling volume crossed $1 trillion for the third month in a row, indicating a 23 percent increase in buying and selling actions on a yearly basis.