Canadian exchange operator TMX Group has partnered with Velocity Trade, a global provider of equity and foreign exchange trading services, to enhance the foreign exchange capabilities of its TMX Analytics product suite.
The deal will see Velocity Trade provide TMX Insights with FX data, while TMX Insights will deliver TMX Analytics tools that provide FX and equity data analytics to Velocity Trade's customers. Clients will be able to analyze routing decisions relating to their order flow, and to measure the impact of the FX and equity trading costs realized on cross-border activities. "Our TMX Insights team continues...
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