In FX markets, data is the fuel—and increasingly the bottleneck. FX has long been relatively difficult to navigate given how globally distributed and highly fragmented the asset class is. Unlike equities or futures, which centralize around relatively few dominant venues (often central limit order books, or CLOBs), FX liquidity is scattered across dozens of ECNs, bank platforms, bilateral streams, and now innovative cash pools like CME’s new FX Spot+. This fragmentation creates not only opportunity, but also operational complexity—especially for In FX markets, data is the fuel—and increasingly the bottleneck. FX has long been relatively difficult to navigate given how globally distributed and highly fragmented the asset class is. Unlike equities or futures, which centralize around relatively few dominant venues (often central limit order books, or CLOBs), FX liquidity is scattered across dozens of ECNs, bank platforms, bilateral streams, and now innovative cash pools like CME’s new FX Spot+. This fragmentation creates not only opportunity, but also operational complexity—especially for
In FX markets, data is the fuel—and increasingly the bottleneck. FX has long been relatively difficult to navigate given how globally distributed and highly fragmented the asset class is. Unlike equities or futures, which centralize around relatively few dominant venues (often central limit order books, or CLOBs), FX liquidity is scattered across dozens of ECNs, bank platforms, bilateral streams, and now innovative cash pools like CME’s new FX Spot+. This fragmentation creates not only opportunity, but also operational complexity—especially for
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