Bloomberg to Launch New Data Service to Increase Transparency in UST and IRS Pricing*
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.
Bloomberg, NEX BrokerTec and Tradition team up on fixed income data*
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.
Bloomberg launches new data service to increase transparency in UST and IRS pricing*
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.
Bloomberg snatches trade data partner from rival Thomson Reuters*†
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.
Derivative’s steady march onto electronic venues*
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.
LIBOR: Better to fade away than burn out*
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.
Tradition forges winning blend of old and new*†
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.
Swaps reform could impact liquidity for benchmarks – expert*†
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.
US swap rate failed during volatility rout*†
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.
Tullett Prebon and the mystery Clob*†
19 March 2018 | Risk.net | Rumours have swirled around Tullett Prebon’s swap execution facility (Sef) ever since US swap trading rules came into effect in October 2013. Although every Sef is required to operate a central limit order book (Clob), Risk.net was not able to find a single market participant that has accessed the Tullett Clob directly, despite having access to others, such as those available at Tradition and Icap.
