The effort is the first of its kind in the industry, already completing live transactions between dealers and non-dealers.
Trad-X, a hybridized platform for interest rate derivatives, has just launched an innovative dealer-to-client (D2C) pure electronic central limit order book (CLOB), according to a company statement.
The effort represents the first of its kind in the industry, having already successfully completed live transactions between dealers and non-dealers.
Trad-X has cut its teeth in the industry dealing with hybrid and fully-electronic order entry.
In doing so, its services allow users to execute the trading strategies via voice, direct click-and-trade central limit order book access, and auction services.
“The completion of our first trades between dealer and non-dealer counterparties validates our model, proving it to be a credible alternative to RFQ protocols. We expect this to be particularly beneficial for non-dealers trading standardized interest rate swap products, as it enables access to pricing for a wide range of trading instruments from multiple dealers in a very cost effective manner,” explained Dan Marcus, CEO of Trad-X.
The group’s new CLOB is already executing trades after an early successful running. AEGON Asset Management formally became the first buy-side institution to execute a euro IRS trade on Trad-X’s D2C CLOB, with BNP Paribas serving as the counterparty, cleared by Eurex Clearing.
The optimism was extended by Derek Milner, Senior Portfolio Manager at AEGON Asset Management, who noted: “This is a genuine step forward in terms of innovation. We hope this gains traction across the market and increases the quality of pricing and efficiency of Execution for all market participants.”
Game changer?
Indeed, Trad-X D2C does bestow a wide range of benefits, serving as a pure electronic MTF CLOB offering impartial access.
The platform allows for qualified dealers to provide Liquidity for clients that can execute on existing liquidity, while also placing live resting orders.
Furthermore, Trad-X D2C was specifically engineered to help extend several benefits to dealers with an emphasis on the CLOB model.
More specifically, this relates to considerations in real-time, executable pricing with live updates for a wide range of swap products, as well as tighter spreads and reduced information leakage.
This stance was echoed by Danny Chart, Head of Fixed Income Business Development at Eurex Clearing AG: “This innovative platform provides our buy-side clients with access to a viable alternative liquidity pool – further increasing execution protocol options, distribution of price discovery and depth of market – as well as facilitating our development of an EU-based alternative for Euro Clearing at Eurex.”
Trad-X, a hybridized platform for interest rate derivatives, has just launched an innovative dealer-to-client (D2C) pure electronic central limit order book (CLOB), according to a company statement.
The effort represents the first of its kind in the industry, having already successfully completed live transactions between dealers and non-dealers.
Trad-X has cut its teeth in the industry dealing with hybrid and fully-electronic order entry.
In doing so, its services allow users to execute the trading strategies via voice, direct click-and-trade central limit order book access, and auction services.
“The completion of our first trades between dealer and non-dealer counterparties validates our model, proving it to be a credible alternative to RFQ protocols. We expect this to be particularly beneficial for non-dealers trading standardized interest rate swap products, as it enables access to pricing for a wide range of trading instruments from multiple dealers in a very cost effective manner,” explained Dan Marcus, CEO of Trad-X.
The group’s new CLOB is already executing trades after an early successful running. AEGON Asset Management formally became the first buy-side institution to execute a euro IRS trade on Trad-X’s D2C CLOB, with BNP Paribas serving as the counterparty, cleared by Eurex Clearing.
The optimism was extended by Derek Milner, Senior Portfolio Manager at AEGON Asset Management, who noted: “This is a genuine step forward in terms of innovation. We hope this gains traction across the market and increases the quality of pricing and efficiency of Execution for all market participants.”
Game changer?
Indeed, Trad-X D2C does bestow a wide range of benefits, serving as a pure electronic MTF CLOB offering impartial access.
The platform allows for qualified dealers to provide Liquidity for clients that can execute on existing liquidity, while also placing live resting orders.
Furthermore, Trad-X D2C was specifically engineered to help extend several benefits to dealers with an emphasis on the CLOB model.
More specifically, this relates to considerations in real-time, executable pricing with live updates for a wide range of swap products, as well as tighter spreads and reduced information leakage.
This stance was echoed by Danny Chart, Head of Fixed Income Business Development at Eurex Clearing AG: “This innovative platform provides our buy-side clients with access to a viable alternative liquidity pool – further increasing execution protocol options, distribution of price discovery and depth of market – as well as facilitating our development of an EU-based alternative for Euro Clearing at Eurex.”
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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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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