26 October 2015 | Global Capital | Trad-X, owned by Switzerland headquartered interdealer broker Tradition, is a hybrid trading platform offering voice and electronic trading for OTC derivatives. Its clients stream two-way pricing to the platform across the most liquid US dollar, euro and sterling IRS products.
26 October 2015 | Finance Magnates | Total USD interest rate swaps (IRS) trading volumes on Trad-X, Tradition group’s interest rate derivatives platform, have surpassed USD 2.5 trillion since its launch four years ago, with 2015 alone accounting for over half of this total volume.
26 October 2015 | FTSE Global Markets | Total dollar (USD) interest rate swaps (IRS), the platform for the trading of global interest rate derivatives, have surpassed $2.5trn, with the period beginning January this year accounting for over half of this total volume.
26 October 2015 | Hedge Week | On-SEF USD IRS trading on Trad-X, which launched in 2011, has continued to rise throughout the first three quarters of 2015. Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of USD 1.6 trillion and has helped propel TraditionSEF into a market leading position for the execution of USD Medium Term Interest Rate Swaps.
26 October 2015 | LeapRate | Trad-X, the OTC derivatives trading platform of Compagnie Financiere Tradition SA, today announced some impressive operating metrics concerning USD interest rate swaps (IRS).
13 August 2015 | Automated Trader | Tradition was the second largest, with $28.3 billion non-FRA trading per day. Also worth noting was the increase in trading on the two SEFs operated by Tradeweb.
10 August 2015 | Financial News | Operated by interdealer broker Tradition, Trad-X hit a high at the end of 2014 when its total volumes passed the $1 trillion mark, with 25,000 trades. It operates a hybrid voice and electronic order-entry model across a number of over-the-counter derivative contracts including interest rate, overnight index, and both single and cross-currency swaps, as well as forward rate agreements.
10 August 2015 | Financial News | Trad-X, operated by interdealer broker Tradition, became one of the first platforms to launch a position switch service for US dollar swaps cleared at CME Group and LCH.Clearnet.
7 August 2015 | Risk | "The way the market is trading would hint that some people are actually trying to follow it as opposed to just cover," says Stuart Giles, London-based managing director for strategy and business development at Tradition. "The fact people are trying to see which way this is going now is how a market finds its level, and supply and demand dictates this over time."
6 August 2015 | Risk | The firm is currently active on Bloomberg as well as the three interdealer Sefs – BGC Derivative Markets, Icap's i-Swap and Tradition Sef – although it does most of its trading via the request-for-quote (RFQ) protocol favoured by clients rather than on the central limit order books (Clobs) where interdealer trades take place.