Refinitiv’s FXall has made spread data from its platform directly available to clients, as part of the Trade Performance Analytics solution, to help buy-side traders navigate challenging FX market conditions in the wake of the COVID-19 crisis.
The analytics assess historical trading performance and quantify transaction costs. The new addition, Refinitiv says, complements a suite of analytics that enable traders to quantify their spread costs. Buy-side traders on Refinitiv FXall can, for example, monitor the spreads they were quoted by their panel of liquidity providers and see how spreads widen or tighten depending on the number of providers in their panel, as well as quantify and compare the spreads quoted by specific liquidity providers.
“Refinitiv FXall is committed to offering market participants the data, insights and analytics they need to make better informed decisions,” says Jill Sigelbaum, head of FXall, Refinitiv. “Our clients can now conduct detailed analysis of weekly spreads across Refinitiv FXall’s RFQ platform, and customise their analysis as needed to look at specific instrument types and currency pairs.”