Retail broker FXCM Pro has unveiled a series of new data products, effectively making its internal trading and execution data available to clients.
The data will include analysis of the firm’s customers’ positions, providing what the firm says is actionable insights and an accurate representation of real-time client behaviour. It also includes the firm’s core market data products, which can be received in real time via an API, as well as additional, premium data products (retail sentiment data, trade tape and volume), clients can receive “upwards of 12 data points that update every minute” from the sentiment data, FXCM adds.
“Data is at the heart of the trading strategies for our clients, and it is incumbent upon us to provide the best tools to support their strategies,” says Siju Danial, chief commercial officer at FXCM. “For years, we have built a valuable database of trading data, which we have utilised for our own in-house algorithms. We are now making this data available to all clients, ensuring we have the most comprehensive data solutions and actionable information available.”