Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

34736

TraditionDATA, MTS and Trad-X partner on Asset Swaps data

RELATED TOPICS​

TraditionDATA, the data arm of Compagnie Financière Tradition (Tradition), has partnered with Trad-X, Tradition’s joint venture with 13 of the world’s largest banks, and MTS, a leading electronic fixed income trading market in Europe, to create a unique new Asset Swap data service based on fully executable prices from these regulated trading platforms. 

The new data service uniquely consolidates MTS’ French, German, Italian and Spanish live and executable Interdealer government bond data with real time executable EUR Interest Rate data from Tradition’s Trad-X platform to produce the related Asset Swap. MTS has over 20 million price updates per day across their central limit order books and Trad-X sees over four million updates a day. Together they will provide the most accurate set of inputs available to generate an indicative set of asset swaps prices. The product will benefit issuers of European debt, financial institutions such as insurers, investors and asset managers, who want to manage their cash flow profiles and reduce interest rate risk. 

As a result of this initiative, TraditionDATA will provide accurate Yield/Yield and Par/Par Asset Swaps built from the two fully executable dealer-to-dealer (D2D) regulated real-time order books, via its own data feeds as well as through select vendors. 

Philippe Dudon, Chief Operating Officer at Trad-X, says: “At Trad-X we are pleased to be a part of this unique initiative with MTS; as regulated venues, we decided to combine our interdealer electronic market data to create a robust reference for European asset swap packages. By aggregating our leading pools of liquidity in bonds and IRS we provide all market participants with a real-time view of the key metrics thus giving them a greater level of market transparency. We see this as a significant move and potentially the first step towards a combined execution of bond and IRS packages, in line with market expectations.” 

Fabrizio Testa, CEO at MTS Spa and EuroMTS Ltd, says: “MTS are joining forces with Trad-X to create the market reference for European asset swap spreads. The quality of the firm and executable data generated from our order books gives unique accuracy and transparency that will benefit both buy and sell-side in European government bond portfolio valuation, the pricing of new issues and in mitigating interest rate and default risk.” 

Ian Sams, Head of European Data Product Strategy at TradionDATA, says:“Constant innovation in data products that align to market activity is a key pillar of our on-going plans for our Data business. Initiatives like this with Trad-X and MTS show that we are attuned to market developments and the sort of information people need to have access to.Particularly as the demand on institutions for regulatory and compliance requirements are constantly changing, relevant data will always be at the heart of that requirement.”    

Latest News

Data provider Preqin has published its Deal Flow Monitor: Q1 2024 report, examining trends in..
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by