BidFX Launches Data and Analytics Suite for Forex Trading

BidFX​, a provider of Forex e-trading solutions for the global financial marketplace and a wholly-owned subsidiary of SGX Group, announced that it has launched BidFX Data and Analytics.

According to the press release, this new offering is the latest addition to the company's suite of offerings for financial institutions, including an EMS platform, risk and compliance modules and transaction cost analysis (TCA).

This latest offering will allow banks, hedge funds and asset managers to manage the collection and cloud storage of client-specific liquidity streams, as well as monitor composite rates across multiple FX products, which gives institutional players a comprehensive view of the pricing, market impact and liquidity for every transaction.

Global Head of Data and Analytics at BidFX, Daniel Chambers said: "The ability to efficiently harness, normalise and analyse FX data has become increasingly vital for refining execution strategies and evaluating counterparties."

"The launch of this product arms our clients with tools to provide valuable insights in real time. Today, having a secure platform is not enough; traders need access to fast and reliable market data and analytics. The latest expansion of the BidFX suite greatly streamlines market analysis, liquidity provision, back-testing and more, making it an essential addition to any FX trader's toolkit," added Daniel.