FXall signs exclusive data distribution deal with Moneyline Telerate

FXall signs exclusive data distribution deal with Moneyline Telerate

Moneyline Telerate has signed an exclusive contract to distribute FX quote data from multi-bank currency portal FXall.

Under the agreement, Moneyline Telerate users will have access to real-time data in both the spot and forward FX markets. Integration work has begun and is expected to be completed within the second quarter. In addition to pages, the FX data will be available to drive analytics, charting and other decision support activities.

The data, detailing real-time pricing on hundreds of foreign currency pairs, was previously only available to FXall's 43 liquidity providers and their institutional customers.

David Walsh, CEO of Moneyline Telerate, says FXall has the highest quality indicative quotes in the market: "Our customers want the best and most transparent information from a trusted industry benchmark, and that is what FXall provides."

Philip Weisberg, CEO of FXall, says the decision to partner with Moneyline Telerate is based on the vendor's track record in promoting and supporting marketplaces.

The multibank currency portal last week signed a deal with Reuters for the provision of instant messaging services to its user base.

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