News & Events

Compagnie Financiere Tradition SA Acquires 100% of OM Wholesale in New Zealand. Compagnie Financiere Tradition ("Tradition") has today announced its acquisition of OM Wholesale Ltd ("OMW")

TraditionDATA will publish spreads between AMERIBOR, Secured Overnight Financing Rate (SOFR) and the Effective Fed Funds Rate (EFFR) via its own data feeds as well as through select vendors including Refinitiv and Bloomberg.

Compagnie Financière Tradition today posted its financial report for the first half of 2020, revealing a set of solid metrics.

Business activities in the first half of 2020 took place against an unfolding health crisis caused by the COVID-19 pandemic, which generated increased volatility in the financial markets, particularly in March.

In this episode of the TRADE Talks podcast, multimedia journalist Kiays Khalil and editor Hayley McDowell are joined by The TRADE's new reporter, Annabel Smith, to discuss the latest stories that have caught their eye. Later, the team catch up with global head of sales and market data at TraditionDATA, James Watson, who outlines potential new models to sell market data.

Tradition noted the increasing volume of activity on the financial markets and its positive impact on the Group’s revenues.

Refinitiv has adopted a waterfall methodology to ensure a robust rate is published in almost all circumstances. The primary source of data is executable bids and offers from TP ICAP’s i-Swap and Tradition’s Trad-X electronic platforms.

Stelios Tselikas, chief operating officer at ICE Benchmark Administration, told Markets Media: “We have a robust waterfall methodology using the best available data. In level one, we are using data from three trading venues – BGC, Tradition and TP ICAP.”

ICE Benchmark Administration has started publishing beta term SONIA rates for testing, using data from BGC, TP ICAP, and Tradition’s Trad-X central limit order books.

Trad-X, the trading platform for interest rate derivatives, has added UniСredit as a dealer and ACTIAM as a non-dealer to its dealer-to-client (D2C) electronic central limit order book (CLOB).