Tradition continued it’s dominance of market share in DV01 USD trades executed by IDBs to over 33% in July 2025.

Once again, this result demonstrates Tradition’s strength in inter-dealer USD Interest Rate Swap market in liquidity, with a sustained 12 month rolling market share average of over 31%*. 

Furthermore, across the USD Rates Swap market spectrum Tradition are number one in three out of the five traded categories:

  • SOFR Butterflies
  • CCP Switches
  • Forwards / IMMs

What does this mean? Our data is directly derived from Tradition’s leading brokerage desks, so you can trust that our packages offer comprehensive and accurate view of the USD rates market.

Available direct via our own proprietary data feed or through the major industry vendors, our USD Swaps data directly reflects our strengths in this market.

*Source: Clarus SEFView. Please note our numbers are based on actual traded volumes reported by each SEF, and not the limited figures as shown in the public SDR data.

Interest rate swaps
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Interest rate swaps

Comprehensive interest rate swap coverage for multiple currencies.

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