Compagnie Financière Tradition : Trad-X launches Sterling Interest Rate Swap platform
Compagnie Financière Tradition /
Compagnie Financière Tradition : Trad-X launches Sterling Interest Rate Swap
platform
. Verarbeitet und übermittelt durch Thomson Reuters ONE.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
Press release
Trad-X launches Sterling Interest Rate Swap platform
Trad-X, the global hybrid platform for trading interest rate swaps, today
announced the launch of its Sterling interest rate swap product.
Trad-X, the derivative technology solution launched by Tradition two years ago
and supported by 11 of the largest banks in the world, has already established
itself as the leading hybrid liquidity source for Euro and USD interest rate
swaps. The platform intends to build on this success by expanding its services
into another key trading currency - Sterling.
Daniel Marcus, Global Head of Strategy and Business Development at Tradition
commented: 'We are delighted to be further expanding the range of products in
the Trad-X universe. Trad-X Sterling is designed in line with market
requirements and will leverage off our excellent voice broking business and
proprietary technology to bring a hybrid solution to the market. We hope it
follows in the footsteps of our highly successful EU and USD swap offerings.'
About Trad-X
Trad-X utilises Tradition's proprietary technology to provide a fully electronic
multi-asset class trading platform for OTC derivatives with hybrid and fully
automated rich functionality, low latency and - most importantly - the potential
for attracting deep liquidity. Designed with the help of the trading community,
Trad-X is a logical extension to Tradition's voice brokerage services. Trad-X
enables fully electronic order entry, whilst leveraging the benefits of
execution capability of Tradition's voice brokers. Trad-X can be accessed via
its own fully customisable and configurable client GUI, by using its FIX API or
through independent software vendors such as ION. Trad-X data, with best bid,
offer and size, can be subscribed to via 'TRDX' Bloomberg pages. The pages show
around 100 of the most liquid points on the EUR IRS curve, to which 11 banks are
streaming prices electronically. Our public reference pages 'TTST1' on Thomson
Reuters and 'TREU' on Bloomberg are showing estimated bid/offer. They are
calculated directly from Trad-X mid markets.
About Tradition and Compagnie Financière Tradition SA
With a presence in 28 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB). The Group provides broking services
for a complete 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). Compagnie Financière Tradition
is listed on the SIX Swiss Exchange (CFT). Trad-X is a trade mark of Compagnie
Financière Tradition SA. Trad-X is an MTF operated by Tradition (UK) Limited,
authorised and regulated by the UK Financial Conduct Authority. For more
information, please visit www.tradition.com and www.trad-x.com.
Lausanne, 3 June 2013
Press contacts:
MHP Communications
John Sarsfield / James Morgan / Fern Hammond.
Tel. : +44 20 3128 8530 / 8533 / 8092
Email : Tradition@mhpc.com
Voxia communication
Jérémy Nieckowski
Tel. : +41 22 591 22 65
Email : jeremy.nieckowski@voxia.ch
CFT_Press release:
http://hugin.info/133362/R/1706792/565073.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1706792]
http://www.traditiongroup.com
Compagnie Financière Tradition /
Compagnie Financière Tradition : Trad-X launches Sterling Interest Rate Swap
platform
. Verarbeitet und übermittelt durch Thomson Reuters ONE.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
Press release
Trad-X launches Sterling Interest Rate Swap platform
Trad-X, the global hybrid platform for trading interest rate swaps, today
announced the launch of its Sterling interest rate swap product.
Trad-X, the derivative technology solution launched by Tradition two years ago
and supported by 11 of the largest banks in the world, has already established
itself as the leading hybrid liquidity source for Euro and USD interest rate
swaps. The platform intends to build on this success by expanding its services
into another key trading currency - Sterling.
Daniel Marcus, Global Head of Strategy and Business Development at Tradition
commented: 'We are delighted to be further expanding the range of products in
the Trad-X universe. Trad-X Sterling is designed in line with market
requirements and will leverage off our excellent voice broking business and
proprietary technology to bring a hybrid solution to the market. We hope it
follows in the footsteps of our highly successful EU and USD swap offerings.'
About Trad-X
Trad-X utilises Tradition's proprietary technology to provide a fully electronic
multi-asset class trading platform for OTC derivatives with hybrid and fully
automated rich functionality, low latency and - most importantly - the potential
for attracting deep liquidity. Designed with the help of the trading community,
Trad-X is a logical extension to Tradition's voice brokerage services. Trad-X
enables fully electronic order entry, whilst leveraging the benefits of
execution capability of Tradition's voice brokers. Trad-X can be accessed via
its own fully customisable and configurable client GUI, by using its FIX API or
through independent software vendors such as ION. Trad-X data, with best bid,
offer and size, can be subscribed to via 'TRDX' Bloomberg pages. The pages show
around 100 of the most liquid points on the EUR IRS curve, to which 11 banks are
streaming prices electronically. Our public reference pages 'TTST1' on Thomson
Reuters and 'TREU' on Bloomberg are showing estimated bid/offer. They are
calculated directly from Trad-X mid markets.
About Tradition and Compagnie Financière Tradition SA
With a presence in 28 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB). The Group provides broking services
for a complete 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). Compagnie Financière Tradition
is listed on the SIX Swiss Exchange (CFT). Trad-X is a trade mark of Compagnie
Financière Tradition SA. Trad-X is an MTF operated by Tradition (UK) Limited,
authorised and regulated by the UK Financial Conduct Authority. For more
information, please visit www.tradition.com and www.trad-x.com.
Lausanne, 3 June 2013
Press contacts:
MHP Communications
John Sarsfield / James Morgan / Fern Hammond.
Tel. : +44 20 3128 8530 / 8533 / 8092
Email : Tradition@mhpc.com
Voxia communication
Jérémy Nieckowski
Tel. : +41 22 591 22 65
Email : jeremy.nieckowski@voxia.ch
CFT_Press release:
http://hugin.info/133362/R/1706792/565073.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1706792]
http://www.traditiongroup.com