The first month after the cessation of USD LIBOR saw Tradition outperform its competitors. Once again, Tradition remains the dominant broker in the inter-dealer USD Interest Rate Swap market in liquidity based on DV01 USD trades executed by IDB SEFs, with a July market share of 34.5%, and a 12 month rolling market share average of over 36%.*

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

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.