Tradefeedr to stream Reactive Markets’ crypto and FX post-trade data

2 years ago 266

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Reactive Markets has announced a partnership with Tradefeedr in which Switchboard clients can choose their Crypto and FX post-trade data to automatically stream to Tradefeedr.

Reactive’s Switchboard is a cross-asset trading and price streaming network. It is an open and transparent liquidity network for Crypto and FX trading, where clients can trade on a fully disclosed basis with their relationship LPs at no cost.

The new service is live and fully integrated with Switchboard, meaning that clients can connect via a single high performance API or front end trader desktop and see their post-trade data streaming from Switchboard to Tradefeedr within minutes.

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Tradefeedr brings FX industry together to collaborate

Tradefeedr has become one of the most popular independent trading databases in the industry, allowing the sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to connect, analyze their trading data, and collaborate.

In June 2021, Tradefeedr launched its ground-breaking data analytics platform with more than 15 leading sell-side and 20 major buy-side firms onboarding and another 20 in the pipeline.

Phil Morris, CEO of Reactive Markets, said: “By working with Tradefeedr we are able to offer clients market-leading and complementary services for trading and data analytics in Crypto and FX asset classes. We continue to attract new clients to Switchboard, as firms look to improve their execution, and we expect our strategic partnership with Tradefeedr to accelerate growth for both firms.”

Balraj Bassi, Co-Founder of Tradefeedr, said: “There is a great deal of synergy between Reactive Markets and Tradefeedr. Both offer best-of-breed specialist services, both are open platforms designed to improve trading for all market participants, and both have zero fees for buy-side clients. As the market continues to move towards an unbundling of services, this partnership simplifies client access to the leading platforms for Crypto and FX trading and analytics.”

Reactive’s liquidity network for crypto OTC

It was in September that Reactive Markets launched its OTC market utility for disclosed trading, supported by five of the leading institutional Crypto Liquidity Providers (LPs): Cumberland DRW, Flow Traders, Galaxy Digital, Genesis Trading and Wintermute.

Switchboard is the name of the newly launched cross-asset trading and price streaming network. The platform is an open and transparent liquidity network for Crypto and FX trading, where clients can trade on a fully disclosed basis with their relationship LPs at no cost, the firm stated.

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