dxFeed provides a line of composite forex feeds and original quotes from multiple major Forex contributors, Prime Banks and financial institutions. Specifically, each composite feed is a weighted average of a set of source OTC FX feeds (each being a sequence of bid and ask prices), where the source feeds and the weights are carefully selected to optimize the following aspects of the resulting feed:
Frequency
Mid-price that aims to reflect the “actual” market state
Spread width
In other words, the composition aims to average the market data from many providers while assigning the weights in proportion to how much a particular source increases the final quality. This entails, among other things, that the composite feed is “fair” and not “augmented” based on non-existing or implied events in the quote flow.
This product will be of most interest to the customers willing to have real-time access to an accurate outlook on the current state of the FX market.
Data source
Major Forex contributors, Prime Banks and financial institutions
