SGX FX, an FX futures exchange under Singapore Exchange, has released the latest version of its artificial intelligence (AI) tool for foreign exchange trading.

The tool curates FX and digital assets price, as well as trade data, before automatically generating tailored, actionable insights to enable quicker, easier decision-making, SGX says.

It analyzes multitudes of FX data like trades, price streams, user activities, execution quality, market impact, and profitability, and extracts insights that are presented in easily digestible stories and charts.

“Gone are the days of spending copious amounts of time sifting through reports; FX traders can now gather tangible insights such as changes in average hold times of the top 10 liquidity providers in a matter of seconds,” says Vinay Trivedi, chief operating officer, sellside solutions, at SGX FX Systems.

“With its enhanced capabilities in analyzing client data insights alongside a bank's internal data, the tool creates stronger client engagement and redefines efficiency standards across FX.”

For example, it can determine if a client is trading less, or detect rejected quotes on specific pairs. “A desk head can find out instantly if a key client is trading 50% less on GBP/USD – making them more inclined to contact the client quickly to find out why,” Trivedi adds.

Available since the start of Q1 2024, the latest technology innovation was designed in collaboration with SGX FX’s digital assets trading solutions provider MaxxTrader.