Blacktree, the financial technology firm focused on analytics, has rolled out new tools to help both buy and sell side clients, including exchanges and aggregators, to better manage, understand and make decisions from their data. Speaking to FXAlgoNews, Blacktree founder Balraj Bassi explained, “We have a robust, scalable and secure cloud-based infrastructure coupled with an analytics engine for large-scale, quantitative investigation of FX trading. For banks and exchanges, for example, this allows us to provide intelligence and actionable insights to better manage client flow across the enterprise.” On the buy-side, the challenges are somewhat different. “ECNs are standardising rules of engagement for matching and trading to adopt best practices,” says Bassi.
“Meanwhile banks are offering algo trading to clients to provide more execution choice. The challenge for buy-side clients going forward will be how to differentiate between the various liquidity pools, how to measure the comparative performance of competing algos and measure the effectiveness of fine tuning the various parameters available to them. Blacktree’s platform is designed to help them do just that,” states Bassi