Tradefeedr Introduces FX Algo Forecasting Suite

Fazzaco learned that Tradefeedr​, a leading FX data analysis platform, has rolled out Algo Forecasting Suite, a collection of pre- and post-trade tools which enables clients to analyse and select the most appropriate FX execution algos.

According to Tim Cartledge, Chief Data Officer at Tradefeedr, the Algo Forecasting Suite allows clients to access accurate and independent data to better inform their algo execution strategies, and to analyse performance after the trade. Besides, the new offering delivers the opportunity cost of not using alternative execution algos.

"At the heart of the new service, we have developed the Tradefeedr Cost Of Liquidity Score, where we have pioneered a method of collapsing volatility, liquidity provider pricing, currency pair and time of day down to a single number. This allows us to analyse algo performance across significantly different markets and conditions to ensure that comparisons are made on a like for like basis," Tim Cartledge continued.

FX Algo Forecasting Suite goes live via API and Exce currently, and it will be available on the Tradefeedr dashboard of services over the next several weeks.