Tradition adds dealer and client to new swaps Clob

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By Ross Lancaster
25 Feb 2020

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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