Tradefeedr is an API and a browser platform allowing buy-side and corporate users to enhance their pre-trade decision support system, liquidity optimisation and reporting for sell-side users. You can find more information on the dedicated site here.

Tradefeedr integrates trading and market data to seemlessly interconnect Banks, MM firms, trading platforms and buysides on a single platform, applying the principles of open banking APIs to to Financial Markets, reducing the friction of data sharing between Financial Markets Participants. Data is then standardised and aggregated and then various analytics are calculated using a trusted, transparent and independent engine - and can be shared in a trusted manner. 

Using the unique data - Liquidity providers and Liquidity takers can generate a series of customisable reports to analyse performance of:

1. FX Algos: An algo consists of Parent instructions and child orders. Parent instructions, sent from the user to the provider, include initial (e.g., buy 100m EURUSD at 1.20) and subsequent instructions (e.g., amend price, quantity, urgency). Child orders are executed by the provider. For analysis, Parent instructions and child fills are essential, and the Tradefeedr Algo API makes it easy to automate. Additional events like order placements and rejects can also be analysed.

2. FX RFQ Broker Reviews: Evaluate brokers who facilitate foreign exchange trades through Tradefeedr's Request for Quote (RFQ) process that allow the liquidity consumer to analyse LP performance in a RFQ panel, optimize the RFQ panel size.

3. FX RFS Broker Reviews: Similarly to in point 2 above, you can evaluate brokers who facilitate foreign exchange trades through Tradefeedr, but this time using the RFS API, allowing you to perform any task ranging from calculating top level trading performance summary tables to investigating the quality of individual child fills.

4. FX RFS Bilareral Reviews: These reviews focus on how effectively brokers handle RFS trades, including the speed and accuracy of execution, and the competitiveness of the quotes provided. Tradefeedr's FX RFS Bilareral API allows you to analyse such trades, via things such as market share and markouts, between liquidity consumers and providers. This sharing allows liquidity providers to analyse their competitiveness and engage in data-driven dialogues with liquidity consumers. By doing so, both parties can improve transparency and efficiency in the trading process, making these reviews crucial for selecting brokers that offer the best performance and cost-effectiveness in FX trading through the RFS process.

More detailed reports are also available out of the box for:

5. Algo Execution Speed studies

6. Algo Single Order Drill down

7. Algo backtesting and Forecasting

8. Algo Trends