Trad-X Launches New Initiatives via Eurex Clearing Synergy
Posted: Sun Feb 21, 2016 9:39 am
Trad-X, a Compagnie Financière Tradition owned brand and product used for the global interest rate swap (IRS) market, has been re-positioned with a new central limit order book (CLOB) and auction market for Eurex’s OTC cleared Interest Rate Swaps (IRS), in a newly launched clearing partnership.
The company announced the launch today to coincide with EMIR frontloading requirements, and the CLOB will initially aim towards liquid Euro medium- to long term swaps (2yr- 30yr), and related spreads and flys, as well as asset swaps.
A number of further initiatives are aiming to bolster the company’s value offering, including how it will provide ... (read more)