By Matthew Hodgson,  Founder and CEO of Mosaic Smart Data
By Matthew Hodgson, Founder and CEO of Mosaic Smart Data

Why FX can now move towards deep dive analytics

Having access to the right data at the right time is vital for profitability and performance. In 2019, the financial industry spent a record USD 50 billion on market and trade data.

First Published: e-Forex Magazine 95 / Market Data / March 2020

  Having access to the right data at the right time is vital for profitability and performance. In 2019, the financial industry spent a record USD 50 billion on market and trade data. Spending on data products and services was up five per cent on 2018 and is expected to rise by the same rate again by the end of 2020. It stands to reason, then, that the use of suitable data in all markets, including foreign exchange (FX), can have a huge impact on profitability. Are traditional methods of data analytics hampering FX? As the most liquid global market, trading currencies is a major element of what keeps the financial services industry and associated businesses running. Yet, FX is such a disparate market. The lack of any central repository or ticker system, as is the case for equities, means there is no transparency of trades. The multitude of data inputs and variable messaging results in inconsistencies of operation, with traders having no overview of prevailing pricing structures. The...continued

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