Tradefeedr, a community-based FX data and analytics provider, announced on Wednesday that it has partnered with PrimeXM, a fintech liquidity aggregation provider, to offer Tradefeedr’s data analytics using PrimeXM-own XCore technology stack. According to the press release shared with Finance Magnates, the partnership will allow PrimeXM’s participants to access advanced trading data management and analytics in ‘a seamless way’.
That said, people could access the full suite of Tradefeedr’s collaborative tools when they choose to connect with Tradefeedr. “In today’s markets, trading, analytics and collaboration with your counterparties is an essential part of the trading solution, and there is a significant variation in the amount and quality of data inputs that enable users to make the best decisions. The partnership with PrimeXM is a natural fit for Tradefeedr, given the seamless integration with XCore tech, providing trading and market access to their institutional clients. We are excited to be working with the PrimeXM team sharing a similar ethos of value-add technology solutions to clients who are looking for advanced trading data management,” Alexei Jiltsov, Tradefeedr Co-Founder, stated.
PrimeXM’s XCore is the fintech’s liquidity aggregator that supports multi-asset classes across 120 industry-leading market makers, with support for multiple interfaces.
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XCore and Tradefeedr Working Together
Also, Galin Georgiev, PrimeXM’s COO, pointed out: “XCore has the ability to extract significant tick and trade data and provides to clients valuable reporting for their data-driven analytics, and we believe the Tradefeedr’s powerful data and analytics capability will be additive to the XCore Community. We are excited to work closely with Alexei and Tradefeedr team, as they deliver their sophisticated, data collaboration solution, already used by many e-FX Institutional participants that value standardized metrics and have an innovative and transparent approach for their liquidity management.”
The announcement comes days after PrimeXM reported that its monthly trading volume surpassed $1 trillion for a third consecutive month, representing a 23% increase on a yearly basis in trading activities.