News & Events

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has announced major SOFR enhancements to the Bloomberg Capital Markets Package (BCMP), a joint data service between TraditionDATA, CME Group and Bloomberg, that is available via the Bloomberg Terminal.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), announced major SOFR enhancements to Bloomberg Capital Markets Package (BCMP), a joint data service between TraditionDATA, CME Group and Bloomberg, that is available via the Bloomberg Terminal. Effective immediately, BCMP users will be able to access new SOFR-focused content, including USD Medium Term Swaps vs. SOFR, USD SOFR Basis Swaps and SOFR OIS Swaps data.

TraditionDATA, and CME Group have been recognised by the regulatory community as leaders in the process of migrating to new Alternate Reference Rates (ARRs). To this end, the firms have re-focused this unique service on SOFR as the underlying pricing mechanism.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has today announced the launch of its new Secured Overnight Financing Rate (SOFR) Indicative Rate Service.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has launched its new Secured Overnight Financing Rate (SOFR) Indicative Rate Service. Tradition will combine market leading general collateral (GC) repo trade and volume data sourced from its number one interdealer brokerage desk, alongside anonymised tri-party repo trade and volume data from BNY Mellon.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has launched its new Secured Overnight Financing Rate (SOFR) Indicative Rate Service. Tradition will combine market leading general collateral (GC) repo trade and volume data sourced from its number one interdealer brokerage desk, alongside anonymised tri-party repo trade and volume data from BNY Mellon.

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."