Trading Technologies has integrated FairXchange’s Horizon execution analytics directly into its institutional foreign exchange platform, providing clients with independent performance data across spot trades, forwards, non-deliverable forwards and swaps. The embedded analytics tool allows FX desks to measure execution quality, monitor liquidity-provider performance and manage counterparty relationships without leaving TT’s trading interface.
The integration addresses mounting regulatory and commercial pressure on institutional FX desks to demonstrate competitive execution independently from venues filling their orders. FairXchange, a London-based analytics provider, positions Horizon as an unbiased verification layer outside individual banks or trading venues. TT expanded its FX platform capabilities in May to include forwards, NDFs and swaps alongside spot trading, drawing liquidity from both bank and non-bank providers through its execution management system.
Neither company disclosed financial terms, implementation timeline or current client numbers for the platform. FairXchange operates under partial ownership by United Fintech, which acquired a 25% stake in 2021.
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FXnCO Insight
** Traders using TT’s FX platform gain immediate access to independent execution verification, potentially reducing post-trade disputes and strengthening best-execution compliance documentation.
Source: Finance Magnates