The hybrid multilateral trading facility launched by the UK FCA-regulated subsidiary of Compagnie Financière Tradition, just got its latest founding member, as Interest Rate Swaps Derivatives builds in EUR, USD, and GBP
The Trad-X platform operated as an FCA-regulated Multilateral Trading Facility (MTF) by Tradition UK Limited, just had Lloyds Bank join its platform as the twelfth founder, thus expanding its consortium of banks, according to an official press release today.
The MTF, operated by the Swiss listed inter-dealer broker Compagnie Financiere Tradition (CFT) group subsidiary, under the Trad-X brand platform, specializes in the trading of global interest rate swaps (IRS) in EUR, GBP and USD currencies , and is now supported by twelve banks. These institutions, via the Trad-X platform provide streaming in two-way prices for IRS derivatives. Trad-X was attributed to having matched orders for a value of nearly $2 trillion since inception.
Christophe Coutte, Head of Rates, Lloyds Bank Commercial Banking
Commenting in the official press release, Christophe Coutte, Head of Rates at Lloyds Bank Commercial Banking said, “We are very pleased to be joining Trad-X as a Founder and look forward to working with Tradition to grow hybrid capability in the GBP market, alongside its more mature currency offerings. Lloyds Bank supports market-led efficient trading solutions and Tradition has shown itself to be a leader in this area."
The CEO of Trad-X, Daniel Marcus, said in the announcement, “We are very excited to have Lloyds Bank as Founder on Trad-X. As one of the leading GBP banks, Lloyds will add further quality Liquidity , as well as product expertise and input in the development of our nascent GBP hybrid platform. We look forward to GBP IRS replicating the success of our USD and EUR offerings.”
Via its price discovery process from contributors, the Trad-x platform is described as providing around a hundred of the most liquid points on the Euro Interest Rate Swap curve, where 12 banks are now streaming prices electronically, and Trad-X also provides auction functionality in Interest Rate Options.
The electronic multi-asset class Trading Platform is explained as having hybrid features as well as fully automated functionality for OTC derivatives, and designed with the help of the trading community, Trad-X is an extension of Tradition's voice brokerage services.
The platform features are available through the Trad-X GUI or via its FIX API and through 3rd party software vendors such as ION, as explained in the press release.
Subscriptions for trade data are also available via providers such as Bloomberg and Reuters under respective mnemonics for each data page.
Initially launched in 2011 for IRS in EUR, and thereafter for USD and then GBP, the platform was designed together with market participants and founder streaming participants include BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, HSBC, Morgan Stanley, Nomura, Societe Generale, Royal Bank of Scotland and UBS, as per information on the Trad-x corporate website.
The Trad-X platform operated as an FCA-regulated Multilateral Trading Facility (MTF) by Tradition UK Limited, just had Lloyds Bank join its platform as the twelfth founder, thus expanding its consortium of banks, according to an official press release today.
The MTF, operated by the Swiss listed inter-dealer broker Compagnie Financiere Tradition (CFT) group subsidiary, under the Trad-X brand platform, specializes in the trading of global interest rate swaps (IRS) in EUR, GBP and USD currencies , and is now supported by twelve banks. These institutions, via the Trad-X platform provide streaming in two-way prices for IRS derivatives. Trad-X was attributed to having matched orders for a value of nearly $2 trillion since inception.
Christophe Coutte, Head of Rates, Lloyds Bank Commercial Banking
Commenting in the official press release, Christophe Coutte, Head of Rates at Lloyds Bank Commercial Banking said, “We are very pleased to be joining Trad-X as a Founder and look forward to working with Tradition to grow hybrid capability in the GBP market, alongside its more mature currency offerings. Lloyds Bank supports market-led efficient trading solutions and Tradition has shown itself to be a leader in this area."
The CEO of Trad-X, Daniel Marcus, said in the announcement, “We are very excited to have Lloyds Bank as Founder on Trad-X. As one of the leading GBP banks, Lloyds will add further quality Liquidity , as well as product expertise and input in the development of our nascent GBP hybrid platform. We look forward to GBP IRS replicating the success of our USD and EUR offerings.”
Via its price discovery process from contributors, the Trad-x platform is described as providing around a hundred of the most liquid points on the Euro Interest Rate Swap curve, where 12 banks are now streaming prices electronically, and Trad-X also provides auction functionality in Interest Rate Options.
The electronic multi-asset class Trading Platform is explained as having hybrid features as well as fully automated functionality for OTC derivatives, and designed with the help of the trading community, Trad-X is an extension of Tradition's voice brokerage services.
The platform features are available through the Trad-X GUI or via its FIX API and through 3rd party software vendors such as ION, as explained in the press release.
Subscriptions for trade data are also available via providers such as Bloomberg and Reuters under respective mnemonics for each data page.
Initially launched in 2011 for IRS in EUR, and thereafter for USD and then GBP, the platform was designed together with market participants and founder streaming participants include BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, HSBC, Morgan Stanley, Nomura, Societe Generale, Royal Bank of Scotland and UBS, as per information on the Trad-x corporate website.
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Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
