TORONTO--(BUSINESS WIRE)--Quandl, the leading provider of alternative financial data, announced today that near real-time FX volume, pricing, and order flow data reports from CLS Group are now available on their platform.
CLS empowers its clients to succeed in a changing FX marketplace with innovative settlement, processing, and data solutions that reduce risk and deliver efficiency.
Accurate and comprehensive executed trade data delivered in an aggregated report format on an intraday, daily, and end-of-day basis has never been previously available to the market. This new suite of data products from CLS enables global FX market participants to better understand movement in the FX market in terms of volumes, prices, and flows more transparently than ever before. The reports provide data for the 18 eligible currencies settled by CLS across 33 major currency pairs. Hourly data is provided to clients within 30 minutes of the conclusion of each hour.
The Quandl platform offers modern data delivery infrastructure, including APIs and connections to the tools that today’s analysts use. The expansion of Quandl's distribution agreement with CLS Data products bolsters the company's strong history of collaborating with data providers and its relationships with institutional investors.
“Increasing regulatory demands and structural changes in the market continue to drive demand for timely data to improve best execution and risk mitigation. CLS processes an average of 500,000 FX trades per day worth over USD1.55 trillion1. Since our launch in 2002, we’ve warehoused the details of every trade to create the largest single source of FX executed trade data available to the market. Today, we’re leveraging our unique position at the center of the FX market to address the wider data needs of global participants," said Alan Marquard, Chief Strategy and Development Officer, CLS
“This is a game-changing dataset. Until now, FX traders had to try to understand the market with incomplete information. This collective suite of data will empower better trading decisions. It will immediately become an essential ingredient for any momentum or mean reversion strategies,” said Tammer Kamel, CEO of Quandl.
This near real-time intraday FX volume data now joins daily FX spot prices, FX liquidity metrics, and FX order flow data already on the Quandl platform. Quandl is used by over 200,000 people worldwide, including 14 of the 15 largest banks and eight of the 10 largest hedge funds. To learn more, please contact firstname.lastname@example.org.
Quandl is the largest provider of alternative data for financial professionals. The company sources, evaluates and productizes undiscovered data assets, transforming them into quantified, actionable intelligence for select institutional clients. With a customer base including the world’s top hedge funds, asset managers, and investment banks, Quandl delivers financial, economic, and alternative data to over 200,000 people worldwide.
Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas in part because of their frustrations as analysts with the limited data and primitive delivery systems that were available to them. Headquartered in Toronto, Quandl is backed by Nexus Venture Partners and August Capital. Learn more at www.quandl.com, visit us at the Quandl blog, and follow us on Twitter @Quandl.
Markets don’t stand still. To succeed, our clients must navigate the changing FX marketplace with efficiency. They need a partner they can trust.
No one has contributed more to the growth of this market than CLS. We’re proud to be the world’s leading provider of FX settlement services. Our innovative thinking has transformed FX by reducing risk, and since our launch in 2002, we’ve created significant efficiencies and cost-savings for our clients. We’ve earned the trust of our members - over 60 of the world’s most important financial institutions. With more than 24,000 third-party clients using our services, we settle USD5 trillion of payment instructions on an average day.
Today we leverage our experience and substantial market intelligence to address our clients’ wider settlement, processing, and data needs. Our experts collaborate with our partners across the FX market, leading the development of rigorous standardized solutions in response to real market problems. CLS’s forward-looking products make the trading process faster, easier, safer, and more cost-effective – empowering our clients’ success. For more information, please visit www.cls-group.com.
1 CLS data solutions are based on trades submitted to CLS Settlement and CLS Aggregation. The data is adjusted to equate to the same reporting convention used by the Bank for International Settlements and the semi-annual foreign exchange committee market reports. These surveys only report one side of any trade, and only the far leg of FX swap trades, to avoid double counting the total amount of trades.