Crux Informatics, which is a cloud-based data delivery platform, declared it had announced a partnership with Euronext FX, with the intention to improve the company’s market delivery of its FX Market Data.
Crux is a platform that specializes in helping customers connect with data suppliers. The agreement with Euronext FX stipulates that Crux will promote the connection of genuine data consumers to Euronext’s FX’s market data.
Crux was founded in 2017 and according to its official website, its mission is “to make data delightful by removing those obstacles and helping companies reach their summit”.
The team includes technology experts, industry veterans, and entrepreneurial builders interconnected by a common goal to create technology solutions that make simpler major data bottlenecks.
Kevin Wolf who is CEO of Euronext commented on the partnership in a statement that the team was pleased to bring FX market data to the vast consumer market and allowing commercial and financial institutions to benefit from datasets.
He hailed the agreement with Crux that will allow customers to connect on a trustworthy and convenient platform. He was looking forward to improving data delivery experience further.
On the Crux platform, it is available to access forex data in several formats including Avro, CSV and Parquet through different methods.
Philip Brittan himself who is CEO of Crux Informatics sad, he was excited that Euronext FX had engaged Crux to provide data to the array of clients. It was a good decision to choose Crux as a trustworthy alternative to the old way of doing things.
He also added that Crux’s data delivery and service offers 24/7 accessibility and flexible delivery channels ensure the data to move to customers’ hands swiftly and smoothly.
As the recent developments show more and more platforms, as well as giant companies, are inclined to partner with other firms to improve operational development further. For instance, Canadian-based giant Shopify has partnered with the Libra Association to create a better and stable system.
Partnerships are usually based on mutual interests which in the long run will benefit both sides financially and in terms of popularity.