TraditionData Unveils Thor Service
Posted by Colin Lambert. Last updated: August 9, 2022
TraditionData has released a suite of Thai Overnight Repurchase Rate (Thor) analytical data enabling customers to better view the changing Thai baht market.
The data, which includes a Thor OIS curve, is based on a combination of prices originated from trading by Tradition’s brokerage desks and its analytics. The data is available directly from TraditionData as well as on Bloomberg and Refinitiv under the firm’s global and risk-free rates packages.
The Bank of Thailand launched Thor in April 2020 to replace the Thai baht interest rate fixing which will be discontinued after June 30, 2023. The central bank also stated that starting from 1 July 2022 onwards, all financial institutions must cease offering new derivatives referencing the Fix, such as interest rate swaps and cross currency swaps, except for risk management of legacy contracts.
“Having been involved in the first trade on Thor in September, publishing a suite of Thor curves bookends a great story in Tradition’s Thai baht business,” says Scott Fitzpatrick, CEO of TraditionData. “The TraditionData team has been tirelessly working to publish new IRD curves to help our customers navigate the global Libor transition and the full suite of Thor analytical data is the latest testament to their hard work. We will continue to provide our clients access to the data they need when they most need it and look forward to adding more products over the coming months.”