News
Energy & Commodities
End Of Day European Biofuel – Product Enhancement
By Francesca Marrone
16 Sep 2024
Interest Rate Derivatives
Interest Rate Derivatives & FX Updates: September 2024
By Jessica Kalaria
11 Sep 2024
Oil Prices Drop as Demand Weakens and Supply Surges
Market Data
Tradition Extends Outperformance in August 2024
By Ian Sams
4 Sep 2024
Event
FISD Tokyo 2024
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As the third-largest economy globally, Japan holds a significant position in the global financial market, meaning visibility into this market is particularly crucial for market participants. Japan’s importance in the global financial landscape is multifaceted, encompassing its economic size, financial market development, regional influence and currency significance.
Japan has one of the largest and most sophisticated financial markets in the world. Japanese Yen (JPY) is one of the most traded currencies globally; it is a key currency in foreign exchange markets, and is often used as a benchmark for currency pairs.
Access to Japanese OTC financial market data provides critical insights for global investors, policymakers and financial professionals, aiding in strategic decision-making and contributing to a comprehensive understanding of global market dynamics.
Our comprehensive and market-leading JPY Products include:
Trusted by the market for over 25 years, Tradition has been the preeminent interdealer broker in the Japanese market, particularly in JPY derivatives.
Our data is calibrated by activity directly from the markets Tradition operates in Tokyo. This gives our data clients unique insights into the pricing used in the most active institutional global market for Yen derivatives.
With our global footprint and localized market expertise, TraditionData stands out as a leading provider of interest rate derivative data across all markets. This leadership is particularly evident in the Asian market, where our role as the market-leading interdealer broker is unmatched.
Tradition | Staying Ahead of the Competition in Asia:
Continuous innovation and adaptation to local market needs help Tradition maintain its relevance and importance in the region. Tradition has established strong relationships with key financial institutions including banks, hedge funds and asset managers across Asia. Our reputation for trustworthiness and reliability is crucial in a market where long-term relationships are highly valued.
TraditionData’s Japan-based products are essential for market participants, portfolio managers and risk managers. Our JPY data provides insights into real-time market sentiments guided by interests and calibrated by transactions, helping you make informed decisions and conduct relevant analysis.
Japanese Yen remains the third most traded currency globally, with a highly active derivative market. This makes reliable venue-sourced market data crucial for any Japan-based, Asia regional, or globally active trading or portfolio-holding business.
Interest rate options are essential financial instruments that serve various purposes in the financial markets, including risk management, speculation, and portfolio management. They also provide valuable information about market expectations and sentiment regarding interest rates.
Using existing and new modelling techniques in conjunction with our best in breed broker analytics, we offer real-time, hourly and end-of-day data for Japanese Interest Rate Options products.
These include shifted log normal vols for JPY TONA and legacy JPY LIBOR products.
Spot Premiums, Forward Premiums, Normal Vols (absolute and relative) & LogNormal Vols (absolute and relative)
Cap Spot Premiums, Floor Spot Premiums, Normal Vols (absolute and relative) & LogNormal Vols (absolute and relative)
Japanese interest rate option data is used by various stakeholders in the financial markets, including investors, institutions, regulators, and risk teams. It enables informed decision-making, effective risk management, and contributes to the overall efficiency and stability of the financial system.
Tokyo Overnight Average Rate (TONA) is a key interest rate in Japan that serves as a benchmark for short-term interest rates. It is calculated and published by the Bank of Japan (BOJ) on a daily basis. TONA plays a crucial role in the Japanese financial markets, influencing various aspects of the economy, including lending rates, bond yields, and monetary policy decisions.
TONA is a vital indicator of short-term interest rates in Japan. It serves as a reference rate for a wide range of financial instruments and contracts, including loans, bonds, derivatives, and other financial products. TONA influences borrowing costs, investment decisions, and monetary policy formulation.For further information about JPY TONA, please click here.
As a business, we are at the forefront of the Central Counterparty (CCP) Basis Swaps market, working closely with clearing houses and our clients to deliver the best products for both trading and data clients who need to value cleared products.
Our cross currency swaps data packages provide comprehensive market coverage across 33 currencies. Datasets are sourced directly from Tradition’s brokerage desks, with 12 desks in 8 countries. Tradition have been at the forefront of changes in these markets as LIBOR/IBOR has been replaced with ARRs such as SOFR, ESTR, SONIA and TONA among others. Our powerful analytics enable the pricing of these un-cleared instruments under many common funding assumptions, reflecting actual bilateral funding ‘Credit Support Annexes’ (CSAs).
Ready to enhance your trading and risk management strategies? Request sample data, subscribe to our services, or contact us for more information.
Data is derived directly from our leading desks located in Tokyo.
Real-time, hourly and end-of-day directly from TraditionData or via BBG (B-pipe and/or Data License (DL)) and LSEG (Real-time feed, DataScope Select (DSS) and/or Tick History).
Hourly Snaps: we snap the data 24hrs a day on the hour with some incremental snaps. Each file contains data for all ATM and OTM surfaces
Yes, please contact us to request sample files.
Dependent on the product, but in some cases we have 5+ years of historical data.
Data is provided in .csv format (comma separated values).
