Overview
- TT and FairXchange announced the integration on Tuesday, September 8, 2026, placing Horizon’s execution and liquidity analytics directly inside TT’s institutional FX execution screen.
- The embedded tool will provide independent measurements of execution quality across spot FX, forwards, non-deliverable forwards and swaps so clients can evaluate pricing, order flow and liquidity-provider performance.
- Horizon’s liquidity and algorithm analytics are designed to let buy-side desks benchmark trades and assess counterparty performance without leaving TT’s execution management system.
- The companies did not disclose rollout timing, pricing, client counts or whether Horizon will cover TT’s connectivity to the EBS Market, leaving operational scope and adoption timelines unspecified.
- The move follows a broader industry trend of embedding third-party microstructure analytics into EMS platforms and leverages FairXchange’s ties to United Fintech, which may speed distribution through its venue and bank network.