NEX Data and Tradition Join Forces to Extend Global Data Distribution

NEX Data, a provider of global pricing data and information solutions, and Tradition, an interdealer broker in over-the-counter commodity and financial products, have today announced a distribution partnership.

Under the agreement, NEX Data will become a key distributor for Tradition’s market data and information services division, TraditionDATA. The deal includes real-time and end-of-day prices sourced directly from Tradition’s global electronic, hybrid and voice broking operations in all asset classes including interest rate derivatives, money markets, energy and commodities and fixed income products.

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It also covers data from Trad-X, Tradition’s market leading electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for OTC derivatives, and Tradition Asia, the interdealer broker’s Japanese and pan-Asian division.

Kevin Taylor, Managing Director of NEX Data, commented: “In the current era of regulatory change, the need for accurate and reliable trade-backed data continues to grow as it provides greater transparency of financial markets. This is particularly true of OTC derivatives which are traditionally transacted over the phone via voice brokers and feature a number of hard-to-price, less liquid assets than those traded electronically."

Synergies

In its capacity as a distributor to Tradition, NEX Data will be able to expand its multi-asset class and Asian market coverage and develop new services in pricing, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and indices while helping its clients conduct pre-trade analysis, aid price discovery, inform investment decisions and manage risk.

Dan Marcus, Global Head of Strategy and Business Development at Tradition, added: “Our partnership with NEX Data will be mutually beneficial; it will substantially expand the reach and distribution of our respective complimentary market data and information services and enable our clients to benefit from a wider set of data sources.”