TraditionData Launches New FX Data Packages
Posted by Colin Lambert. Last updated: November 2, 2022
TraditionData, the data and information arm of Compagnie Financière Tradition, has released a series of new FX data packages enabling, the firm says, clients to gain a competitive advantage through access to cutting-edge data and analytics.
Leveraging insights from Tradition’s broking desks, the FX data packages provide a comprehensive view of the global FX markets, the firm says, adding content is further enhanced through application of TraditionDATA’s in-house analytics models, providing pricing on 3500 spots, crosses and FX forwards across 60 currencies. Pricing is also available across 268 forward and NDF currency pairs.
The firm says the new packages have been released at an important time in the FX industry which has experienced extreme volatility in recent months, with USD/JPY surging to multi-year highs and the pound and euro slumping to 50 and 20-year lows respectively. “In times like these, it’s vital that firms get the data they need to make smart trading decisions,” TraditionData says.
As an example, it says corporates that don’t have hedging policies in place are now looking to implement them, while those with a programme in place are seeking to adjust hedge ratios and tenors to mitigate the potential impact of currency volatility on their bottom lines. “Accurate, unbiased data is paramount to ensure CFOs and treasurers have all the information they need to build an effective hedging strategy,” TraditionData states. “With this uncertainty set to continue in the months ahead, access to real-time and historical market-driven data from one of the world’s leading IDB’s is vital for market participants to gain the insights required to maximise alpha and manage risk.”
The new packages are available across a variety of regions including G10, global emerging markets, Africa, greater China, emerging Europe, Australasia, south east Asia and Latin America. TraditionData also offers specialist packages covering FX options including FX options enhanced volatility surfaces, in partnership with Numerix, and Tradition-ICAP FX options.
“Volatility has spiked across FX markets in recent months and in times of uncertainty market participants need data and insights they can trust,” says Jim Mahn, global head of product at TraditionData. “Our new FX packages leverage cutting-edge data from Tradition, one of the largest global interdealer brokers, and provide clients with a competitive advantage. By gaining a clearer view of the market and availing of our in-house analytics, clients can benefit from an unrivalled level of market transparency, enabling them to manage risk and maximise alpha effectively.”
James Watson, global head of sales at the firm, adds, “We are committed to providing our clients with access to the high quality market-driven data they need when they need it. By further enhancing our product suite, we continue to deliver on this front and fulfil our clients’ data requirements within the global FX markets.”