31 July 2018 | FOW | Data from electronic trading will have a key role to play as the industry moves towards robust benchmarks, according to an expert at Bloomberg.
30 July 2018 | Bloomberg | Bloomberg announced today that it will launch a new data service consolidating NEX’s BrokerTec US Treasuries data with USD Spread-Over data from Tradition’s Trad-X platform.
30 July 2018 | The TRADE | Bloomberg has launched a new data service with NEX Group that aims to establish the most liquid and transparent reference for US Treasuries and interest rate swaps.
30 July 2018 | LeapRate | Bloomberg has just announced that it will launch a new data service consolidating NEX’s BrokerTec US Treasuries data with USD Spread-Over data from Tradition’s Trad-X platform.
26 July 2018 | Financial Times | Bloomberg’s new reference interest rates will be produced from transactions on two electronic trading platforms. BrokerTec will provide it with details of electronic trades in the Treasury market and Trad-X, the platform provided by Tradition which has headquarters in Switzerland, will provide electronic interest rate swap data.
2 July 2018 | Best Execution | Dan Marcus, CEO of Trad-X also sees a significant uplift in electronic trading, but the drivers are not only regulatory reform. “Although it is easier from a compliance and audit trail perspective to trade electronically, we are also seeing a generational change,” he adds.
2 July 2018 | Best Execution | There are several key risks that might impact trading desks during the migration process. The first is the potential reduction of liquidity across contracts as a result of a patchy shift. “Not everybody is going to move at the same speed, which is where the risk lies in transition,” says Stuart Giles, managing director for strategy and business development at interdealer broker, Tradition.
11 May 2018 | GlobalCapital | For creating an excellent combination of voice and electronic broking services, working to expand its product offering and collaborating with clients to ensure a smooth transition to new regulatory requirements, Tradition is GlobalCapital’s Americas Derivatives Broker of the Year. “Data can help clients in many different areas of their business, including benchmarking trades, inputs to pricing engines and regulatory reporting,” says Scott Fitzpatrick, CEO of TraditionSEF and Tradition’s global head of market data.
11 May 2018 | FOW | The Commodity Futures Trading Commission’s (CFTC) proposal to overhaul swaps rules could impact the liquidity required for reliable benchmark rates, an expert told FOW.
9 April 2018 | Risk.net | IBA calculates the benchmark swap rates on tenors ranging from one to 30 years based on quote data taken over a two-minute window – from 10.58am to 11.00am in the case of the 11.15am fix – from Clobs at three Sefs: Tradition’s Trad-X, BGC’s BGC Trader and TP Icap’s i-Swap.