TraditionDATA expands foreign exchange data coverage and analytics with Numerix partnership
TraditionDATA, the market data and information services division of Tradition, one of the world’s largest interdealer brokers, has strengthened the quality, depth and breadth of its foreign exchange (FX) market data packages.
The data vendor has partnered with Numerix, a leading provider of technology solutions and real-time intelligence capabilities for trading and risk management, to leverage its deep analytics expertise and create derived data for more than 130 volatility surfaces across 130+ currency pairs.
Conforming with industry standard “cut” times, this data service includes tenors ranging from one week to 30Y, and volatility points including at the money (ATM), 5D, 10D, 15D, 25D and 35D in risk reversals and butterflies.
Clients can now source information from Tradition in a wide range of FX products, including spot data from the ParFX trading platform, forwards, swaps and NDF data from Tradition’s global broking business and options data from the Volbroker trading platform. This comprehensive data coverage includes intra-day pricing, granular historic data derived volatility surfaces and end-of-day data.
The data will be available directly from INTEGRATE, Tradition’s in-house market data distribution platform, Bloomberg’s Market Data Feed (B-PIPE) and via a selection of Numerix applications/products.
As one of the world’s largest and leading brokerage firms for FX options, Tradition’s data business has seen increased demand from market participants, driven by a greater focus on data sourced from electronic trading platforms and independent venues as well as regulatory changes globally. The partnership with Numerix further strengthens TraditionDATA’s position as a credible and significant market data provider.
Scott Fitzpatrick, Global Head of TraditionDATA, comments: “We are always looking to increase our product range and improve the quality and quantity of the data we provide to clients. Numerix was the ideal partner for this initiative; they have cutting-edge technology and analytics capabilities, and are recognized and renowned across the industry for their advanced modelling and coverage ofOTC derivatives, including the most complex exotic products. This partnership gives our clients access to accurate and comprehensive coverage of the FX spot and derivatives markets globally.”
Steve O’Hanlon, CEO of Numerix, comments: “We are proud to be the analytics partner to help TraditionDATA provide the data needed to support its clients. Its flexible model is shaking up the status quo in terms of data consumption, and avoids the complex process of unbundling, analyzing and extracting valuable data points.
“To build on this, it’s been our focus to ensure the volatility surfaces we provide meet the market need and the service is operationally robust. We look forward to building on our collaboration with TraditionDATA going forward.”
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TraditionDATA is the market data and information services division of Tradition, and provides consistent, high-quality financial market data that reflects real price interest in global OTC swaps markets. This includes interest rate derivatives, energy and commodities, credit, fixed income, FX and money markets.
Real-time, intra-day, end-of-day and historical pricing originates from Tradition’s global brokerage business. In addition to comprehensive coverage of the most liquid markets, its extensive product and geographic coverage means we can penetrate illiquid markets to provide hard-to-find prices in developing products and regions.
Data can be delivered directly from Tradition or from one of its distribution partners. For more information, please visit www.tradition.com.
Tradition is one of the world's largest wholesale market brokers in over-the-counter financial and commodity related products. Represented in 29 countries, Tradition employs more than 2,300 people globally. Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange.
Tradition's activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com.
Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Committed to out-of-the box thinking and the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech-oriented, digital financial services market.
Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more information, please visit www.numerix.com.