Trad-X USD IRS Reached Over $2.5 Trillion in Volumes
- The Compagnie Financière Tradition group also reports that its TraditionSEF had the largest interdealer-broker market share at 32.7% in October.
Total USD interest rate swaps (IRS) trading volumes on Trad-X, Tradition group's interest rate derivatives platform, have surpassed USD 2.5 trillion since its launch four years ago, with 2015 alone accounting for over half of this total volume.
Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of $1.6 trillion, making TraditionSEF the largest interdealer-broker by market share with 32.7% in October. In addition, over 1,950 EUR trades were executed on Trad-X during the same period, bringing the total notional volume of EUR IRS trades to €900 billion. At the same time, GBP traded 135 times with a notional of £2.25 billion.
Dan Marcus, CEO of Trad-X, said: “Trading activity on Trad-X has picked up strongly during 2015, and received an average of 10 million orders per day. This strong growth reaffirms our position as the market leader for interest rate swaps across the interdealer broker Central Limit Order Book (CLOB) space. The symbiosis of our hybrid platform allows traders greater flexibility in Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term whilst providing irrefutable pricing from our unique reference screen, which shows real-time pricing for GBP, EUR and USD interest rate swaps to more than 320 of the most liquid interest rate swap price points.
Since the CCP switch service launched last year, we’ve seen a significant rise in volumes and 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 across basis trades. The addition of reference screens for GBP, EUR and CAD will allow participants to hedge more effectively, offset trades and manage risk. We will continue to expand and enhance the service over the coming months.”
Total USD interest rate swaps (IRS) trading volumes on Trad-X, Tradition group's interest rate derivatives platform, have surpassed USD 2.5 trillion since its launch four years ago, with 2015 alone accounting for over half of this total volume.
Over 15,000 USD IRS trades have been executed on Trad-X since the beginning of January, equating to a notional volume of $1.6 trillion, making TraditionSEF the largest interdealer-broker by market share with 32.7% in October. In addition, over 1,950 EUR trades were executed on Trad-X during the same period, bringing the total notional volume of EUR IRS trades to €900 billion. At the same time, GBP traded 135 times with a notional of £2.25 billion.
Dan Marcus, CEO of Trad-X, said: “Trading activity on Trad-X has picked up strongly during 2015, and received an average of 10 million orders per day. This strong growth reaffirms our position as the market leader for interest rate swaps across the interdealer broker Central Limit Order Book (CLOB) space. The symbiosis of our hybrid platform allows traders greater flexibility in Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term whilst providing irrefutable pricing from our unique reference screen, which shows real-time pricing for GBP, EUR and USD interest rate swaps to more than 320 of the most liquid interest rate swap price points.
Since the CCP switch service launched last year, we’ve seen a significant rise in volumes and 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 across basis trades. The addition of reference screens for GBP, EUR and CAD will allow participants to hedge more effectively, offset trades and manage risk. We will continue to expand and enhance the service over the coming months.”