TraditionDATA brings visibility to opaque oil markets with new Oil Swap Model
London, 6 December 2022: TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has released a proprietary Oil Swap Model (OSM). The new data release offers a real-time source for oil swaps pricing data, drawing directly from Tradition’s 22 brokerage desks’ experience and exposure across the globe.
The OSM enables TraditionDATA’s customers to gain visibility into illiquid and opaque oil markets. It provides full product coverage across crude and the refined product spectrum alongside a comprehensive forward curve covering monthly, quarterly and calendar time periods.
This unique product has been created with the expertise of Tradition’s experienced analytical team on its market-leading oil broking desk, coupled with an established pricing model with proven methodology to create a reliable, independent and market driven product.
The model provides 13,000 updates per second across 20,000 instruments, enabling users to spot arbitrage opportunities within inter-product and inter-regional spreads. The full flexibility on data content and the ability to choose from a suite of data packages to be delivered either in real-time or per chosen snapshots make the OSM a perfect fit for the front office and middle office.
COP 27 has highlighted the need to fasten the pace of decarbonisation. However, the event also made clear that fossil fuel will still play a crucial role in the global energy infrastructure over the next few decades. Access to accurate oil pricing will remain key to financial and commodities institutions to enable them to navigate increased market uncertainty and volatility fuelled by the energy crisis, net zero strategies and a changing competitor landscape.
The release of OSM aligns with TraditionDATA’s mission to offer smaller, granular packages based on currency, region or product which enables clients to only pay for what they actually need.
Francesca Marrone, Energy and Commodities Product Manager at TraditionDATA, commented: “Our proprietary Oil Swap Model Product utilises best-in-class data from Tradition, one of the largest interdealer brokers globally, making it a valuable, real-time source for data pricing within oil swaps. It provides our clients with an insight into traditionally opaque, voice traded products, giving them an advantage over their competitors during a critical time in OTC oil traded markets. It’s our mission to provide our clients with access to the data they need when they need it most and we look forward to expanding our offering across a range of asset classes in the coming months.”
TraditionDATA provides a diverse and flexible approach to market data provision across all asset classes in the global OTC derivatives markets.
By offering smaller, focused and more granular packages based on currency, region or product, TraditionDATA enables its clients to pay for what they need, as opposed to larger packages that need unbundling.
With over 1 trillion data points across 200+ products and 186k+ instruments going back 15+ years, as well as 43 offices in 30 countries, TraditionDATA’s ever increasing dataset is providing participants across the global financial marketplace with the information they need to power their trading and business decisions.
TraditionDATA is part of Tradition (Compagnie Financière Tradition S.A. (SWX: CFT)), one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Tradition’s long history of managing pricing liquidity and trade execution across multiple asset classes in vanilla and complex products in primary and emerging markets enables TraditionDATA to source prices in many of the world’s fastest-moving markets that others can’t.
Data can be delivered directly from Tradition or from one of our distribution partners.
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TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has launched a new proprietary Oil Swap Model (OSM), offering a real-time source of oil swaps pricing data, drawing directly from Tradition’s 22 brokerage desks’ experience and exposure across the globe - Hedge Week