Tradition’s Volatis Deploys Bloomberg for Fixing Valuations for FX and Commodities

Leading inter-dealer broker, Tradition, has appointed Bloomberg to supply daily fixings, on a range of products including; FX and commodities, to its recently launched hybrid Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for negotiation and trading of realized Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term futures.

Bloomberg will stream its fixings service, part of its independent valuation services for derivatives and structured notes. Bloomberg will provide underlying fixes on a range of financial instruments, these include; spot FX, EURUSD, AUDUSD, USDGBP, USDJPY, spot Gold and Silver and front month futures for Brent crude, WTI crude and US Nat Gas.

Rupert Hodges, CEO of Tradition FX, Energy and Equities spoke about the product deployment in a statement to the media, he said: “The incorporation of Bloomberg's fixings on the Volatis platform is an important step in creating an offer for clients that is transparent and truly representative of the market. This relationship, combined with CME Clearing, will allow participants to access greater trading opportunities whilst also reducing counterparty risk. We see this as a further demonstration of Tradition’s focus on developing products with the market, for the market.”

According to terms mentioned under the agreement with Tradition, Bloomberg will provide daily commodity and foreign exchange fixings observations to the Volatis platform, offering enhanced transparency by providing market participants with an accurate reflection of realised volatility.

Volatis clears products negotiated through the platform with CME’s Clearing solution. In the initial phase, Volatis will offer indications in block trades of cash settled futures contracts offered by CME Group exchanges on NYMEX WTI crude, NYMEX Brent crude, NYMEX natural gas, COMEX gold, COMEX silver, and CME currencies EUR/USD, AUD/USD, GBP/USD, USD/JPY.

As the new Dodd Frank Act is implemented by regulators in the USA trading firms such as Tradition and Bloomberg have submitted their applications to operate as a SEF. Bloomberg was the first firm to receive approval from the watchdog.