Welcome to TraditionSEF, the Swap Execution Facility Operated by Tradition Group
Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), gives the U.S. Commodity Futures Trading Commission (CFTC) regulatory authority over Swaps markets (excluding Security based Swaps). In 2013, the CFTC implemented swap trading rules promulgated by the Act, invoking a number of practices associated with the clearing and execution of swaps trades in the U.S. and similar trades involving U.S Persons globally. Under Title VII, it is a requirement that “Any person operating a facility that offers a trading system or platform in which more than one market participant has the ability to execute or trade swaps with more than one other market participant on the system or platform shall register the facility as a swap execution facility” and is subject to the Core Principles and other Requirements for Swap Execution Facilities. As a result of this requirement, and to ensure continuity of our services to our client base, Compagnie Financiere Tradition formed TraditionSEF, and the CFTC granted TraditionSEF registration as a swap execution facility on January 22, 2016.
Facilitating derivative Swap transactions between counterparties is not new to Tradition.
Our Parent company, Compagnie Financière Tradition (CFT) is one of the world’s leading interdealer broking (IDB) firms, with a presence in 28 countries and approximately 2,500 employees. Since 1996, when VIEL & Cie acquired a majority stake, the company has significantly extended its size and footprint in the financial markets, primarily through organic growth and has established itself with a leading position in a number of product areas regionally and globally. The Group provides broking/intermediation services for the full range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and commodity-related products (energy and environmental products, and precious metals). Acting as a marketplace and an intermediary, CFT facilitates transactions between financial institutions and other professional traders in the capital markets. These transactions vary in scale and liquidity, from the simplest to the most sophisticated, the most liquid to the most illiquid. The key to our success has been our ability to understand the evolving needs of our extensive and long-established network of clients, together with our strong capabilities in derivative markets and our sustained investment in proprietary technology.
Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange. Tradition’s activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com.
Globally accessible, and widely recognized as one of the early leaders in the US SEF marketplace, TraditionSEF offers execution, trade processing and reporting services in all derivative asset classes. This is done through a wide range of Trading platforms and mode of executions such as:
- Central Limit Order Books (“CLOB”)
- Request For Quote systems (“RFQ”)
- Work-up and Auction services.
Execution Methods: Voice/Hybrid, Electronic, Work up, Auctions
Electronic prices are combined with voice volunteered prices via our In-SEF Brokers from over 100 of the most active derivative trading firms in the world, ensuring that our platforms provide market participants with access to the most consistently deep and rich pools of liquidity available in the markets today.
To ensure market participants can access our liquidity pools in the manner that best suits their requirements, TraditionSEF provides multiple methods of access through our industry leading voice desks and technology solutions:
- Direct access to our platforms via APIs
- Through our award winning proprietary trading platform GUI Interfaces
- Direct voice access to our highly skilled Swap Execution Specialists (Brokers)
- Via third Party Independent Software Vendors (“ISVs”)
- Indirectly via approved Introducing Brokers and via Bank Agency Platforms and desks
TraditionSEF is committed to innovation in derivatives markets trading as well as providing access to liquidity pools, which give our Market Participants the most efficient execution experience in the constantly evolving regulatory landscape and market structure.
To learn more about TraditionSEF, and how to access our Platforms and Services, please contact us by email at: firstname.lastname@example.org, or by Telephone at : +1 212 238 5955.