News & Events

In the world of brokerage and institutional investing, the role of data is changing, whether it is for risk management, back-testing, hedging, or measuring the costs and quality of execution, writes James Watson, Global Head of Sales at TraditionDATA.

However, with such large quantities of data available, organisations are increasingly demanding more value from their data spend – not only in terms of the information they receive, but also in its relevance, Mr. Watson explains. In this article, he makes the case that data sales and consumption today are heading in the direction of becoming more unbundled, where an investor can pick and choose the data it wishes to purchase, much like someone buying a song on iTunes.

"In the swaps market, we have partnered with TraditionDATA, the data arm of Compagnie Financière Tradition, to create a new data service that consolidates MTS’s French, German, Italian and Spanish government bond data with EUR interest rate data from Tradition’s OTC derivatives trading platform, Trad-X, to produce related Asset Swaps."

James Watson, Global Head of Sales (Market Data) at Tradition writes that market data has stayed largely unchanged for decades. Compound that with the increasingly complex market environment of today, with uncertainties caused by Brexit and COVID-19, he argues it’s time for a new way of thinking about data.

Scott Fitzpatrick, global head of TraditionData, said: "We at Tradition started talking about the Spotify/iTunes model for data two or three years ago as the way we see the data industry evolving and we stand by that view to this day. This model revolutionised music and audio consumption by allowing users to pick what they wanted and creating tailor-made playlists to suit their needs. In a similar manner, the market data industry is shifting towards a far more bespoke method of consumption."

Exchange-style trading of swaps linked to the secured overnight financing rate, or SOFR, is set to begin on March 22, when interdealer broker Tradition plans to make them available to trade on its Trad-X platform.

The London Stock Exchange Group’s European electronic bond trading platform, MTS, and Tradition’s interest rate platform, Trad-X, have launched a data service for European asset swaps.

MTS, one of the leading European electronic fixed income platforms and data service providers and Trad-X, Tradition’s award-winning interest rate platform, have today launched a unique new MTS Tradition European Asset Swaps data service which will be made available through TraditionDATA, the data arm of Compagnie Financière Tradition (Tradition).

Michael Kirby joins TraditionDATA as a senior member of the data sales team for the Americas after working at TP ICAP and CME NEX for over three decades.

TraditionDATA, the data arm of Compagnie Financière Tradition (Tradition), has hired Michael Kirby as a senior member of the Data Sales team in the Americas.

In September, the data arm of interdealer broker Tradition, TraditionDATA, made its interest rate swap and foreign exchange data products including global alternate risk-free rate (RFR) package including SONIA, ESTR, SOFR, and AMERIBOR available on the Amazon Web Services (AWS) Exchange cloud platform.