26 September 2019 | Risk.net | The rate is calculated using firm, executable prices from electronic venues. Prices are taken from central limit order books on derivatives platforms such as Trad-X, BGC Trader and i-Swap.
19 September 2019 | Risk.net | Ice Benchmark Administration, which manages and publishes the Ibor-based rate for sterling, US dollars and euros, currently takes live swap pricing from three multilateral trading facilities, BGC Partners’ BGC Trader, Icap’s i-Swap and Tradition’s Trad-X.
10 September 2019 | Risk.net | The majority of this is at Tradition, followed by Dealerweb, Icap-IGDL and BGC.
23 August 2019 | FOW | An expert at inter-dealer broker Tradition said in August the creation of a backward looking rate could “damage the rates” ecosystem given that lending is done on a forward-looking basis.
19 August 2019 | Risk.net | “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.
16 August 2019 | Risk.net | 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.
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.
11 June 2019 | Risk.net | 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.
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).
24 May 2019 | Risk.net | “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.