The dealer-to-client derivatives trading platform was launched at the beginning of this year.
Trad-X announced this Tuesday that it has added two large German banks to its dealer-to-client derivatives Trading Platform, Trad-X D2C, Commerzbank, and DekaBank.
As Finance Magnates reported, Trad-X D2C launched in January of this year, and it is the first dealer-to-client central limit order book (CLOB) of its kind in Europe. According to the statement released today, the addition of both Commerzbank and DekaBank shows the growing momentum behind the platform.
Under the agreement, Commerzbank has become one of the major dealers to provide Liquidity on the D2C platform and, for Eurex cleared instruments, stream two-way pricing to a range of banks and buy-side clients.
DekaBank, on the other hand, has joined the platform as a non-dealer. According to the company, this confirms interest in Trad-X D2C from market participants wanting to use CLOB execution.
Commenting on the partnership, Philippe Dudon, Chief Operating Officer at Trad-X, said in the statement: “Trad-X D2C was launched with a view to providing banks and financial institutions with an alternative to trading through RFQ protocols."
“A dealer-to-client central limit order book model is something we have not seen in the derivatives market until now. Commerzbank has been a key partner for Trad-X and is committed to providing liquidity on our Eurex-cleared D2C CLOB, while the addition of DekaBank illustrates the diversity of customers attracted by the type of alternative execution process we offer.”
More banks to join Trad-X D2C
However, Commerzbank and DekaBank are not alone in joining the platform. According to Trad-X, there are more than a dozen further banks and financial institutions which are currently going through the onboarding process. They are expected to go live in the coming weeks and months.
“The Trad-X D2C CLOB adds an extra dimension to our interest rate swap business and is another step forward for our expanding electronic offering. This is an excellent tool to provide liquidity to our clients across the marketplace,” added Thomas Rösner, Head of Rates Trading at Commerzbank.
Trad-X announced this Tuesday that it has added two large German banks to its dealer-to-client derivatives Trading Platform, Trad-X D2C, Commerzbank, and DekaBank.
As Finance Magnates reported, Trad-X D2C launched in January of this year, and it is the first dealer-to-client central limit order book (CLOB) of its kind in Europe. According to the statement released today, the addition of both Commerzbank and DekaBank shows the growing momentum behind the platform.
Under the agreement, Commerzbank has become one of the major dealers to provide Liquidity on the D2C platform and, for Eurex cleared instruments, stream two-way pricing to a range of banks and buy-side clients.
DekaBank, on the other hand, has joined the platform as a non-dealer. According to the company, this confirms interest in Trad-X D2C from market participants wanting to use CLOB execution.
Commenting on the partnership, Philippe Dudon, Chief Operating Officer at Trad-X, said in the statement: “Trad-X D2C was launched with a view to providing banks and financial institutions with an alternative to trading through RFQ protocols."
“A dealer-to-client central limit order book model is something we have not seen in the derivatives market until now. Commerzbank has been a key partner for Trad-X and is committed to providing liquidity on our Eurex-cleared D2C CLOB, while the addition of DekaBank illustrates the diversity of customers attracted by the type of alternative execution process we offer.”
More banks to join Trad-X D2C
However, Commerzbank and DekaBank are not alone in joining the platform. According to Trad-X, there are more than a dozen further banks and financial institutions which are currently going through the onboarding process. They are expected to go live in the coming weeks and months.
“The Trad-X D2C CLOB adds an extra dimension to our interest rate swap business and is another step forward for our expanding electronic offering. This is an excellent tool to provide liquidity to our clients across the marketplace,” added Thomas Rösner, Head of Rates Trading at Commerzbank.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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