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Dealers dip toe into Sonia swaptions market*†

19 August 2019 | | “If the underlying liquidity moves from Libor to Sonia in swaps, it follows that liquidity will improve in the Sonia option market,” says Stuart Giles, managing director for business development and strategy at Tradition.

Sefs stall, but more liquidity may be coming*†

16 August 2019 | | The interdealer market had started life with five brokers: BGC, GFI, Icap, Tradition and Tullett Prebon. But mergers clipped those numbers back; BGC acquired GFI, and Tullett Prebon bought Icap, shrinking the pool to three.

GlobalCapital Global Derivatives Awards 2019: the nominees*

20 June 2019 | GlobalCapital | OTC trading venue of the year: BGC Partners, Bloomberg, Icap, EBS (CME Group formerly NEX Group), Tradeweb Markets, Tradition, Tullett Prebon, Thomson Reuters 360T, trueEX.

Brexit nudges new Trad-X swaps service to Paris*†

11 June 2019 | | The lack of clarity on ground rules post-Brexit dovetailed with Tradition getting an EU venue authorised and sewed up its decision to locate its new endeavour elsewhere, says Dan Marcus, chief executive of Trad-X, the broker’s swaps platform.

GlobalCapital Americas Derivatives Awards 2019: the winners*

31 May 2019 | GlobalCapital | Our congratulations to the winners and runners up… Swap Execution Facility of the Year – CLOB: BGC, NEX SEF (CME Group formerly NEX Group), Tullett Prebon, ICAP (IGDL), Tradeweb, DW, Tradition (winner).

Evolution or extinction: Ice swap rate’s post-Libor quandary*†

24 May 2019 | | “This is like replacing all petrol cars with electric vehicles overnight. It’s a big ask, but I think the market is headed there in the long term,” says Stuart Giles, managing director for business development and strategy at Tradition – one of three venues whose central limit order book (Clob) prices feed into the swap rate.

Swaps users mull ‘big bang’ for SOFR discounting*†

21 May 2019 | | “SOFR has to become the discount model before it can do the next job of building liquidity,” says Stuart Giles, managing director for business development and strategy at Tradition.

2019: City executives predict what lies ahead for finance*†

19 December 2018 | Financial News | Geopolitical factors will be the biggest driver of market activity and I expect to see a huge increase in event-driven volatility in 2019. Financial markets were spinning a lot of plates in 2018 — uncertainty surrounding trade wars, tariffs, oil prices and Brexit, to name a few — and many of these concerns will be carried forward. But the geopolitical and economic implications of North Korea, Iran and Qatar, and how these countries overcome their respective challenges, will be major factors in 2019. - Dan Marcus, Global head of strategy and business development, Tradition.

A buy-side swaps order book – with a difference*

17 December 2018 | | The euro swaps market is beginning an experiment with exchange-style trading, after the first of 20 clients signed up to a new central limit order book (Clob) offered by interdealer broker, Tradition.

Shortlist 2019*

11 December 2018 | Fund Technology and WSL Awards 2019 | Best trading platform overall: Envision Financial Systems, MarketsFlow, MIAX Options, ParFX, Tethys Technology, TraditionSEF, Interactive Brokers, Wolverine Execution Services


To discuss how TraditionSEF can support your trading needs, e-mail or call +1 212 238 5955

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