Retail forex broker and provider of FX and CFD trading, FXCM (NYSE: FXCM) have announced a series of new data products.
FXCM have been primarily using their historic trading and execution data for internal purposes. However, the broker is now offering a suite of historic and real time data to suit different trading requirements.
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.
FXCM have added to the offer premium data products (Retail Sentiment Data, Trade Tape and Volume) as well. Data customers will now be 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.