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Refinitiv releases improved low-latency data feed for FX trading



Financial markets data and infrastructure provider Refinitiv has released its advanced low-latency data feed, FX Binary Multicast Feed 5ms, to enable better market transparency and support critical trading decision making for Refinitiv Spot Matching clients.

The new data feed provides frequent and granular data on the order book and traded prices from Refinitiv’s Spot Matching platform, allows clients to improve their price discovery and to make effective and quick trading decisions on Matching. The low-latency feed will allow an in-depth and near real-time update of the market with increased depth of book levels for enhanced insights. Clients will benefit from higher certainty that they can achieve prices as they will be based on the market every 5ms, a five-fold increase in update frequency from the previous version of the feed.  Refinitiv aims to improve liquidity and market making on Matching.

Refinitiv releases improved low-latency data feed for FX trading

The Refinitiv FX Matching platform supports Spot, as well as Forwards trading.  The matching data is essential for the FX market structure. It is used as a reference rate in price discovery, the management of client orders and FX options contracts, WM/Reuters fixings and for determining the day’s high and low trading range. Matching is used by clients who value and its firm liquidity and all-to-all model.  Matching is valuable in times of market volatility and recently saw Spot volumes spike to levels last seen during the UK Brexit referendum of June 2016 and the November 2016 US presidential election.  Forwards Matching also recently registered historical record high volumes.

The feed supports 5ms updates for a near real-time view of the Matching book made of firm (no last-look), all-to-all orders and high confidence of execution on the venue. New VWAP data that has also been added to the binary feed allows trading clients to monitor and adjust their algorithms in real time.

Paul Clarke, Head of FX Venues, Refinitiv commented:

Paul Clarke, Refinitiv
Paul Clarke

As a leading trading venue and data company for financial markets, Refinitiv is committed to supporting effective markets and client solutions that drive faster and smarter trading decisions. The liquidity and feed of data from FX Matching is critical in the trading and risk management strategies adopted by institutional FX trading firms, making it imperative that we continue to enhance our solutions to drive liquidity, transparency and smarter trade execution. The richer data in the feed will help FX traders to execute more effectively and enhance their trading strategies.


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Refinitiv releases improved low-latency data feed for FX trading

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