Big Data: Mining new data for FX

Big data brings with it many opportunities for FX firms to personalise their FX services and enhance trade flows by tailoring pricing based upon customers’ historical trading behaviour as well as fine-tune algorithms, gain better intelligence and MIS to make better decisions and maximise pricing and trading. It is also unearthing new data sets for both trading and performance analysis.

First Published: e-Forex Magazine 74 / Special Report / December, 2016

Tammer Kamel “One of the ways to get an advantage is to get your hands on data that others do not have access to.” Big data brings with it many opportunities for FX firms to personalise their FX services and enhance trade flows by tailoring pricing based upon customers’ historical trading behaviour as well as fine-tune algorithms, gain better intelligence and MIS to make better decisions and maximise pricing and trading. It is also unearthing new data sets for both trading and performance analysis. By investing heavily internally in big data, Thomson Reuters has built a database that can be used for reporting and behavioural analysis including surveillance and analysis to drive decisions on venue enhancements intended to encourage and support liquidity. Thomson Reuters has a huge tick-by-tick historical database, charting all trades with volumes, which can be used for back-testing and surveillance as well as other activities. “We also recently changed how we...continued

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