Trad-X, the interest rate swap trading platform, launched by Tradition and a diverse group of 11 global investment banks 16 months ago has seen a substantial increase in volumes during the summer and is delighted to report that September was a record month for Euro Interest Rate Swap volumes traded on the platform.
During September, Trad-X matched around 1200 orders amounting to a notional matched of approximately €80bn. Since launch, Trad-X has matched almost 7000 orders amounting to a notional matched of approximately €500bn.
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Tradition is a trade mark of Compagnie Financière Tradition SA. With a presence in 28 countries, Compagnie Financière Tradition SA is one of the world’s leading interdealer brokers (IDB). The Group provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and commodity-related products (energy and environmental products, and precious metals). Compagnie Financière Tradition is listed on the SIX Swiss Exchange (CFT). Trad-X is a trade mark of Compagnie Financière Tradition SA. Trad-X is an MTF operated by Tradition (UK) Limited, authorised and regulated by the UK Financial Services Authority.