Trad-X, the global hybrid platform for trading interest rate swaps, today announced the launch of its Sterling interest rate swap product.
Trad-X, the derivative technology solution launched by Tradition two years ago and supported by 11 of the largest banks in the world, has already established itself as the leading hybrid liquidity source for Euro and USD interest rate swaps. The platform intends to build on this success by expanding its services into another key trading currency – Sterling.
Daniel Marcus, Global Head of Strategy and Business Development at Tradition, commented: “We are delighted to be further expanding the range of products in the Trad-X universe. Trad-X Sterling is designed in line with market requirements and will leverage off our excellent voice broking business and proprietary technology to bring a hybrid solution to the market. We hope it follows in the footsteps of our highly successful EU and USD swap offerings.”
