TD (TSX:TD) Securities has partnered with Tradefeedr, integrating its FX data analytics platform to boost data transparency, simplify complex analyses, and enhance consistency in client assessments. The strategic collaboration aims to provide TD Securities' customers with improved access to trading data for comprehensive Transaction Cost Analysis (TCA) and detailed client reporting.
The shared analytical environment between TD Securities and its buy-side clients is expected to improve review processes and algorithmic trading strategies. Tradefeedr's network, which includes 21 liquidity providers, 50 major buy-side firms, and 10 trading platforms, offers a uniform perspective on trading data.
Balraj Bassi, Tradefeedr's CEO, and Ellie Griffiths, Global Head of eFX Sales at TD Securities, both emphasized the partnership's potential to enrich data analysis and decision-making across the financial industry. They also highlighted the potential to deepen client relationships by identifying growth opportunities.
The collaboration extends to FlexTrade, where Tradefeedr's predictive data on FX trading is incorporated into the FlexTRADER EMS system, enhancing forex trading effectiveness. A newly launched toolkit from Tradefeedr for trade analysis before and after execution, the Algo Forecasting Suite, is set to revolutionize the industry.
The integration of TD Securities' trading data into the Tradefeedr platform will facilitate consistent TCA, client analysis, comparisons, and benchmarking. This alliance enables a productive data dialogue between TD Securities and its buy-side clients using common analytical tools.
Bassi expressed delight over the addition of TD Securities to their network of liquidity providers. Griffiths highlighted that Tradefeedr's trusted independent analytics allow for TCA and standardized client reporting, which would help in identifying growth opportunities to strengthen client relationships.
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