MarketFactory, part of ION Markets, announce a strategic partnership with Tradefeedr

By Joy Dumasia

MarketFactory, part of ION Markets, a leading global provider of trading, analytics, and risk management solutions for capital markets, announces a new partnership with Tradefeedr, the leading independent FX data and analytics provider.

The Tradefeedr data and analytics platform is fully integrated within MarketFactory of ION Markets, enabling clients to review their trading markouts, impacts. It spreads directly with liquidity providers, using a common platform and shared data sets. Tradefeedr’s data analytics solution will be available as an add-on to new and existing customers using the MarketFactory service.

Tradefeedr has created a common, truly independent FX trading database allowing market participants across the sell-side, buy-side, regional banks, hedge funds, brokers, and central banks to connect, analyze their trading data, and collaborate. In June 2021, Tradefeedr launched its ground-breaking FX data analytics platform with more than 15 leading sell-side and 20 major buy-side firms onboarding and another 20 in the pipeline.

Eugene Markman, MarketFactory Chief Executive Officer, said: “MarketFactory’s partnership with Tradefeedr will broaden our offering to clients, providing shared data sets through one unified platform. The combination of MarketFactory’s end-to-end connectivity and Tradefeedr’s unified, analysis-ready data is a compelling proposition in a market where real-time data-driven decision-making is key.”

Balraj Bassi, Co-Founder of Tradefeedr, said: “I’m very excited by the possibilities this strategic partnership offers both Tradefeedr and MarketFactory clients. Our platform delivers significant benefits to market participants, through improving collaboration, and giving better access to trading information, providing greater transparency and trust in the market.”

IBS Intelligence reported that London-based Tradefeedr announced that it had raised $3 million in early-stage financing from IPGL, the private investment company owned by Lord Michael Spencer. In 2018, Balraj Bassi and Alexei Jiltsov, who had previously worked together at Lehman Brothers, launched Blacktree, a macro systematic hedge fund.