FXCM Joins FastMatch’s Consolidated Central Tape for Forex Market

[kreslik.news]

FXCM Group has joined the FX Tape streaming service operated by FastMatch, the Euronext-owned foreign exchange trading venue, which offers a market data product that aims to increase transparency and help traders evaluate best execution performance.

Participation in the FastMatch FX Tape™ is voluntary under an open access model, with FX Tape offering commercial incentives to encourage ECNs to contribute data. This includes allowing contributors to obtain a percentage of the net revenue generated by FX Tape according to the volume they contributed with.

The solution is modelled on similar projects for other asset classes such as equities, and consists of ECNs, ... (read more)