Trading Technologies embeds FairXchange analytics in TT FX

Trading Technologies International and FairXchange, part of United Fintech, announced an integration that embeds FairXchange Horizon analytics directly into TT’s institutional FX platform. The integration makes independent execution metrics available inside TT FX for spot FX, forwards, non-deliverable forwards and swaps.

The analytics deliver microstructural analysis of execution quality, liquidity and counterparty performance. Users can measure slippage, review trade flow and compare pricing and behaviour of liquidity providers across over-the-counter and listed markets.

TT FX aggregates liquidity from bank and non-bank providers, primary FX venues and electronic communication networks, and supports trading of FX alongside futures and precious metals through a single execution management system. Firms can execute orders directly or via bank algorithms.

According to the firms, embedding Horizon into the execution interface lets traders run post-trade analysis and perform real-time assessments without leaving the TT environment, reducing the need to reconcile separate data feeds and analysis tools.

“Horizon provides independent insight into flow, pricing and counterparty activity across the full FX execution workflow,” Tom Robinson, partner at United Fintech, commented. Tomo Tokuyama, Trading Technologies’ EVP and managing director for FX, noted that “FairXchange Horizon complements TT’s institutional FX execution capabilities by providing independent, data-driven analytics that help clients evaluate execution quality, strengthen liquidity relationships and make more informed trading decisions.”

FairXchange describes itself as a data science firm focused on microstructural FX analytics, and United Fintech positions Horizon as its analytics product for measuring execution outcomes and counterparty behaviour. Trading Technologies makes those analytics available as part of its institutional FX stack, which supports direct market access, algorithmic execution and cross-asset trading workflows.