FX: Stemming the tide of rising data costs

Innovation and price transparency around market data remain a bone of contention among FX market participants, although data providers insist they are working to reduce costs.

FastMatch revealed in 2016 it was working with other platforms and market makers to create a consolidated tape for FX to provide a last-sale data feed with price, size and timestamps.

However, despite its worthy ambition to provide more data at lower cost, the voluntary participation aspect of the foreign-exchange consolidated tape (FXCT) project was an obvious limitation.

FXCT was inspired in part by the Consolidated Tape Association, which oversees the dissemination of real-time trade and quote information on a number of exchanges.

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FX: Stemming the tide of rising data costs

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