London, Sydney, Johannesburg, FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services have announced a series of new data products.
FXCM has built up years of historic trading and execution data, which it has utilised primarily for internal purposes.Recognizing the value of its data to its trading clients, it is now offering a suite of historic and real time data to suit different trading requirements.
With over 100,000 live trading accounts globally, FXCM data products address a real market need by providing actionable insights and a snapshot of market activity by analysing the positioning of traders worldwide. This provides an accurate representation of real-time client behaviour.
FXCM’s core market data products (FX prices and CFD market data) offer live pricing updates which are sourced directly from major interbank and non-bank market makers and updated multiple times per second. They can be received in real time via an API.
This is complimented by additional, premium data products (Retail Sentiment Data, Trade Tape and Volume). Through these data products, data customers are able to build comprehensive strategies to support trading activity.
In addition, FXCM’s sentiment data is significantly more advanced, allowing clients to receive upwards of twelve data points that update every minute.
“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. For years, we have built a valuable database of trading data, which we have utilised for our own in-house algorithms,” said Siju Daniel, Chief Commercial Officer at FXCM.
“We are now making this data available to all clients, ensuring we have the most comprehensive data solutions and actionable information available. This is a truly unique offering for FX participants, and part of our long-standing goal to ensure our clients are as informed as possible when making trade decisions.”