David Vincent,  Co-Founder and Chief Executive Officer of smartTrade Technologies
David Vincent, Co-Founder and Chief Executive Officer of smartTrade Technologies

smartAnalytics from smartTrade Technologies

As Big Data analytics becomes more and more important in FX we asked David Vincent, Co-Founder and Chief Executive Officer of smartTrade Technologies to highlight some of the key issues that trading firms need to focus on and to tell us how smartTrade’s powerful smartAnalytics solution can assist them.

First Published: e-Forex Magazine 95 / Product Review / March 2020

Why are increasing numbers of FX trading firms turning to Big Data analytics? The need for Big Data analytics is a general trend that applies to all industries, not just finance. Foreign Exchange (FX) trading companies are showing an increasing interest in Big Data as the market is mainly electronic and therefore generates a lot of data. This phenomenon is of course amplified by regulatory requirements which force companies to capture and store data for long periods in order to demonstrate compliance. Also Best Execution requirements have pushed the FX trading firms to turn to Big Data analytics as they want to rely on their own data, instead of that of third parties, to provide trusted independent reports on their trading practices. In addition, FX trading companies are becoming more sophisticated and are using a lot of algos to improve their trading performance which thrive on...continued

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