The Cürex Group, a New York Metropolis-based institutional overseas change  execution  companies and information analytics firm, mentioned on Wednesday that it reached an settlement with Siemens to supply it with superior pre- and post-trade information analytics via Cürex’s Cipher platform.

In response to the press launch, Siemens and Cürex have maintained an FX buying and selling relationship since Cürex launched its FTSE Russell/Cürex FX Benchmarks. In mid-2021, Cürex launched Cipher. Along with complete pre- and post-trade analytics, Cipher additionally gives real-time analytics to prospects who execute their algo trades inside Cürex’s liquidity pool. Cipher’s pre-trade suite contains commerce price estimators, threat switch value comparisons, and streaming volatility evaluation, amongst different options.

FX Buying and selling in Cipher

By way of Cipher’s post-trade TCA, prospects can measure relative financial institution algo efficiency primarily based on Cürex’s independently derived benchmarks, threat switch comparability,  slippage  , and efficiency in opposition to the market’s current situations on the time of the shopper’s buying and selling determination. FX buying and selling efficiency may be improved by Cipher’s capacity to hyperlink post-trade outcomes with pre-trade situations.

“Siemens is a classy and valued shopper. They’ve supported our efforts to enhance the purchase aspect’s buying and selling outcomes in a market the place there’s minimal assist to realize such outcomes. Their determination to make use of Cipher underscores the worth of Cipher’s streaming analytical content material. Our information drives higher insights in comparison with the alternate options obtainable via different suppliers. We’re grateful for Siemens’ endorsement of our platform and our greatest execution efforts,” James Singleton, Chairman and CEO of Cürex, commented.

Furthermore, Peter Rathgeb, Group Treasurer for Siemens, added: “In right this moment’s fast-changing setting, digitalization and interdisciplinary collaboration are key drivers of innovation and enterprise success. Our longstanding partnership with Cürex led to the event of a singular and impartial buying and selling analytics platform that can assist us monitor and obtain finest execution protocols and additional transparency in our FX buying and selling actions. We’re happy to proceed to construct our relationship with Cürex and assist their efforts to enhance buying and selling outcomes for the purchase aspect.”

The Cürex Group, a New York Metropolis-based institutional overseas change  execution  companies and information analytics firm, mentioned on Wednesday that it reached an settlement with Siemens to supply it with superior pre- and post-trade information analytics via Cürex’s Cipher platform.

In response to the press launch, Siemens and Cürex have maintained an FX buying and selling relationship since Cürex launched its FTSE Russell/Cürex FX Benchmarks. In mid-2021, Cürex launched Cipher. Along with complete pre- and post-trade analytics, Cipher additionally gives real-time analytics to prospects who execute their algo trades inside Cürex’s liquidity pool. Cipher’s pre-trade suite contains commerce price estimators, threat switch value comparisons, and streaming volatility evaluation, amongst different options.

FX Buying and selling in Cipher

By way of Cipher’s post-trade TCA, prospects can measure relative financial institution algo efficiency primarily based on Cürex’s independently derived benchmarks, threat switch comparability,  slippage  , and efficiency in opposition to the market’s current situations on the time of the shopper’s buying and selling determination. FX buying and selling efficiency may be improved by Cipher’s capacity to hyperlink post-trade outcomes with pre-trade situations.

“Siemens is a classy and valued shopper. They’ve supported our efforts to enhance the purchase aspect’s buying and selling outcomes in a market the place there’s minimal assist to realize such outcomes. Their determination to make use of Cipher underscores the worth of Cipher’s streaming analytical content material. Our information drives higher insights in comparison with the alternate options obtainable via different suppliers. We’re grateful for Siemens’ endorsement of our platform and our greatest execution efforts,” James Singleton, Chairman and CEO of Cürex, commented.

Furthermore, Peter Rathgeb, Group Treasurer for Siemens, added: “In right this moment’s fast-changing setting, digitalization and interdisciplinary collaboration are key drivers of innovation and enterprise success. Our longstanding partnership with Cürex led to the event of a singular and impartial buying and selling analytics platform that can assist us monitor and obtain finest execution protocols and additional transparency in our FX buying and selling actions. We’re happy to proceed to construct our relationship with Cürex and assist their efforts to enhance buying and selling outcomes for the purchase aspect.”

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