Liquidity Management, Strategy and Algorithmic Optimization, Transaction Cost Analysis to Improve Execution Performance and Risk Management for Buy and Sell-Side Market Participants
NEW YORK, 13 February 2017 -- GTX, the institutional foreign exchange (FX) arm of GAIN Capital Holdings Inc., and Ideal Prediction, an independent trading analytics and data science company, are offering clients FX data and advanced analytics to optimize their FX trading.
The market data, tools, and services enable buy-side and sell-side market participants to optimize profitability and simulate strategies as well as perform Transaction Cost Analysis (TCA). The new offerings further enable sell-side market participants to benchmark execution performance, analyze client flows, and optimize risk management strategies.
The analytics are powered by GTX’s rigorously maintained, fully anonymized, and aggregated tick data sets derived from programmatic liquidity and buy-side order flow on its FX ECN.
GTX hired Ideal Prediction to optimize client liquidity pools and trade execution performance in March 2016. The project’s success prompted the two firms to evolve the analytics for both the buy and sell sides.
GTX launched GTX Data Sciences in December 2016 to formally offer the analytics to its clients.
“The power and applications of Ideal Prediction’s robust, flexible analytics are clear to market participants, who are using them to improve their FX trading strategies and processes,” said Steve Reilly, Managing Director and Global Head of Liquidity, GTX. “From day one, Ideal Prediction’s tools gave us a deeper, more nuanced view of the complex dynamics within our ECN and we are excited to extend these benefits to clients.”
In addition to collaborating with GTX, Ideal Prediction provides data, analytics, and services to fixed income, currencies, and commodities (FICC) market participants. These analytics are provided through Ideal Prediction’s innovative Measurement as a Service (MaaS) platform and powered by real-time, anonymized, and derived FX market data from GTX’s FX ECN.
“GTX’s liquidity optimization team works in deep collaboration with its clients. Enabling them with a powerful set of market data and independent analytics was a natural next step.” said John Crouch, Founder and CEO of Ideal Prediction. “Our partnership will empower GTX and its clients to achieve each client’s self-defined goals. We look forward to helping GTX, GTX’s clients, and the overall market.”
About Ideal Prediction
Ideal Prediction creates value by optimizing client revenue and leveraging the firm’s data analytics and trading experience. Ideal Prediction provides turn-key analytics and tick data in addition to bespoke consulting.
Additional information at www.idealprediction.com.
GTX operates electronic trading venues and provides agency execution and clearing services for buy and sell-side institutional FX market participants.
GTX provides an array of electronic and voice trading solutions through its various entities including an ECN, prime services, a Swap Execution Facility for NDF trading, and a Registered Swap Dealer, which facilitates trade executions on an agency basis. Clients include banks, hedge funds, CTAs, fund managers, proprietary traders, brokers, and algorithmic trading firms.
Additional information at www.gaingtx.com.
About GAIN Capital
GAIN Capital (NYSE: GCAP) provides market access and trade execution services to a diverse client base of retail and institutional investors across a range of exchange-traded and OTC markets. Founded in 1999, the company today supports customers in over 180 countries via several globally recognized brands, including FOREX.com, City Index and GTX.
GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions.
For more company information, visit www.gaincapital.com.