Tradition adds dealer and client to new swaps Clob
Tradition’s rates trading platform, Trad-X, has signed up Commerzbank and DekaBank to its new dealer-to-client central limit order book (Clob) and has 12 more firms in the pipeline.
Trad-X opened the platform in January, aiming to offer Clob trading as an alternative to the request for quote (RFQ) protocol that dominates dealer-to-client (DTC) swaps trading.The platform offers trading in 16 tenors of vanilla interest rate swap from two years out to 50, four swap and ...
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