QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, today announced that the FastMatch consolidated central market data product, the FX Tape®, is available on the QuantHouse API Ecosystem store.
Euronext’s FastMatch FX Tape is the only consolidated FX tape available in the market, making pre- and post-trade benchmarking possible for the first time. The FX Tape includes transactions from a wide variety of market participants and sources, including FastMatch’s ECN, delivering a reference point for executed trades in the spot FX market.
Available globally as part of the QuantFeed product that normalises and disseminates market data for more than 140 feeds, FastMatch’s FX Tape product provides much needed post-trade transparency in one of the largest asset classes in the world. More than 300+ buy-side firms and investment banks are connected to the QuantHouse API Ecosystem using solutions provided by buy and sell-side firms, execution venues and technology partners via a single managed QuantHouse API. As QuantHouse manages the API, customers can access services quickly and efficiently, simply by ‘plugging-in’.
Pierre Feligioni, CEO and Co-founder, QuantHouse, said: “Whether you sit on the buy-side or sell-side, anyone who trades FX will benefit from being able to access the FastMatch FX tape. We commend FastMatch for looking to create the first consolidated tape for the FX market and are delighted to be able to help expand their reach through our API global community of users.”
Kevin Wolf, CEO, FastMatch, comments: “FastMatch’s FX Tape makes post-trade information for the spot market accessible to everyone as we deliver transaction information from a broad range of sources. FastMatch experienced heightened interest in the FX Tape recently from several Central Banks following the January 2019 USDJPY flash crash which validates the value of an independent reference point in the market. We anticipate that QuantHouse will act as a complementary channel for those wishing to access the FX Tape in addition to our suite of Spot FX Market Data products.”