SGX FX has unveiled the latest version of its artificial intelligence (AI) tool, giving financial institutions improved access to faster and more informed foreign exchange (FX) trading decisions.
Released through its eFX and digital assets trading solutions provider, MaxxTrader, the tool curates FX and digital assets price and trade data before automatically generating actionable insights to a stakeholder – providing quicker and easier decision-making abilities.
Large sets of FX data are analysed by the tool, including trades, price streams, user activities, execution quality, market impact, and profitability, which are then transformed into actionable insights which are presented in digestible stories and charts.
“Gone are the days of spending copious amounts of time sifting through reports, FX traders can now gather tangible insights such as changes in average hold times of the top 10 liquidity providers in a matter of seconds,” said Vinay Trivedi, chief operating officer at MaxxTrader.
“With its enhanced capabilities in analysing client data insights alongside a bank’s internal data, the tool creates stronger client engagement and redefining efficiency standards across FX. Whether identifying that a client is trading less, or detecting rejected quotes on specific pairs, the tool liberates traders to seek answers to key questions.”
This development is the latest technology innovation from SGX FX, enabling banks and broker-dealers to more effectively manage risk and achieve trading objectives.
Read More:SGX FX releases updated AI offering to help bolster FX decision-making
2024-04-30 01:02:42
