The effort is the first of its kind in the industry, already completing live transactions between dealers and non-dealers.
Trad-X, a hybridized platform for interest rate derivatives, has just launched an innovative dealer-to-client (D2C) pure electronic central limit order book (CLOB), according to a company statement.
The effort represents the first of its kind in the industry, having already successfully completed live transactions between dealers and non-dealers.
Trad-X has cut its teeth in the industry dealing with hybrid and fully-electronic order entry.
In doing so, its services allow users to execute the trading strategies via voice, direct click-and-trade central limit order book access, and auction services.
“The completion of our first trades between dealer and non-dealer counterparties validates our model, proving it to be a credible alternative to RFQ protocols. We expect this to be particularly beneficial for non-dealers trading standardized interest rate swap products, as it enables access to pricing for a wide range of trading instruments from multiple dealers in a very cost effective manner,” explained Dan Marcus, CEO of Trad-X.
The group’s new CLOB is already executing trades after an early successful running. AEGON Asset Management formally became the first buy-side institution to execute a euro IRS trade on Trad-X’s D2C CLOB, with BNP Paribas serving as the counterparty, cleared by Eurex Clearing.
The optimism was extended by Derek Milner, Senior Portfolio Manager at AEGON Asset Management, who noted: “This is a genuine step forward in terms of innovation. We hope this gains traction across the market and increases the quality of pricing and efficiency of Execution for all market participants.”
Game changer?
Indeed, Trad-X D2C does bestow a wide range of benefits, serving as a pure electronic MTF CLOB offering impartial access.
The platform allows for qualified dealers to provide Liquidity for clients that can execute on existing liquidity, while also placing live resting orders.
Furthermore, Trad-X D2C was specifically engineered to help extend several benefits to dealers with an emphasis on the CLOB model.
More specifically, this relates to considerations in real-time, executable pricing with live updates for a wide range of swap products, as well as tighter spreads and reduced information leakage.
This stance was echoed by Danny Chart, Head of Fixed Income Business Development at Eurex Clearing AG: “This innovative platform provides our buy-side clients with access to a viable alternative liquidity pool – further increasing execution protocol options, distribution of price discovery and depth of market – as well as facilitating our development of an EU-based alternative for Euro Clearing at Eurex.”
Trad-X, a hybridized platform for interest rate derivatives, has just launched an innovative dealer-to-client (D2C) pure electronic central limit order book (CLOB), according to a company statement.
The effort represents the first of its kind in the industry, having already successfully completed live transactions between dealers and non-dealers.
Trad-X has cut its teeth in the industry dealing with hybrid and fully-electronic order entry.
In doing so, its services allow users to execute the trading strategies via voice, direct click-and-trade central limit order book access, and auction services.
“The completion of our first trades between dealer and non-dealer counterparties validates our model, proving it to be a credible alternative to RFQ protocols. We expect this to be particularly beneficial for non-dealers trading standardized interest rate swap products, as it enables access to pricing for a wide range of trading instruments from multiple dealers in a very cost effective manner,” explained Dan Marcus, CEO of Trad-X.
The group’s new CLOB is already executing trades after an early successful running. AEGON Asset Management formally became the first buy-side institution to execute a euro IRS trade on Trad-X’s D2C CLOB, with BNP Paribas serving as the counterparty, cleared by Eurex Clearing.
The optimism was extended by Derek Milner, Senior Portfolio Manager at AEGON Asset Management, who noted: “This is a genuine step forward in terms of innovation. We hope this gains traction across the market and increases the quality of pricing and efficiency of Execution for all market participants.”
Game changer?
Indeed, Trad-X D2C does bestow a wide range of benefits, serving as a pure electronic MTF CLOB offering impartial access.
The platform allows for qualified dealers to provide Liquidity for clients that can execute on existing liquidity, while also placing live resting orders.
Furthermore, Trad-X D2C was specifically engineered to help extend several benefits to dealers with an emphasis on the CLOB model.
More specifically, this relates to considerations in real-time, executable pricing with live updates for a wide range of swap products, as well as tighter spreads and reduced information leakage.
This stance was echoed by Danny Chart, Head of Fixed Income Business Development at Eurex Clearing AG: “This innovative platform provides our buy-side clients with access to a viable alternative liquidity pool – further increasing execution protocol options, distribution of price discovery and depth of market – as well as facilitating our development of an EU-based alternative for Euro Clearing at Eurex.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!