FX Tape

In September 2017, FastMatch launched FX Tape, a centralised and global Tape providing post-trade data to all market participants.

This new and innovative market data product will improve post-trade transparency in FX markets and allow market participants to monetize their trading data. FX Tape will also serve as a central reference point for Spot FX transacted prices helping market participants evaluate best execution performance.

FX Tape will publish real-time post-trade information collected from market participants in aggregated and delayed fashion to minimize market impact and information leakage.

This product will be available for distribution to thousands of market participants and vendors across the world via FastMatch’s and Euronext’s distribution networks. It will significantly improve transparency in the FX market and execution quality. The FX Tape will be open to all contributors under an open access model with 50%  of the net revenue generated by FX Tape shared with contributors, according to the volume contributed.

In November 2017,  FastMatch announced that individuals may now purchase FX Tape data from its website at a cost of €40 a month, using their credit cards.

Typically such trading data costs thousands of euros a month and requires special programming in order to receive it, so the average consumer cannot access the data. However, FastMatch is now making this data available at low cost at https://tape.fastmatch.com.