In an effort to make its forex market data packages a whole lot better when it comes to quality and depth, TraditionDATA made the announcement of a strategic alliance with Numerix. The piece of news came to prominence on Monday.
TraditionDATA is known around the forex exchange (forex) industry as the unit of interdealer broker of Tradition, a widely known provider of services related to information, statistics, and market data.
Meanwhile, Numerix, as a provider of infrastructure related to technology solutions and real-time intelligence in the trading and risk management fields, will contribute its considerable capabilities to optimize, improve, and enhance the labor of TraditionDATA.
Derived Data for 130 Volatility Surfaces Across 130+ Currency Pairs
The primary objective of the partnership is to develop derived data for over 130 volatility surfaces across more than 130 currency pairs. Thanks to the alliance, TraditionDATA customers will now have access to valuable information about several forex products.
Among the mentioned products are non-deliverable forwards (NDF) data, spot data from the ParFX trading network, forwards, and swaps, among other critical variables and elements, to enjoy a more complete and resourceful trading experience.
The information, made public via a press release in the form of a statement, explains that customers will be able to enjoy the data from INTEGRATE, which is Tradition’s distribution platform for proprietary trading data. They can also get the data from Bloomberg’s Market Data Feed, B-PIPE; and from other applications that belong in the Numerix’s ecosystem.
According to Scott Fitzpatrick, currently the Global Head of TraditionDATA, the company is constantly looking to broaden its catalog of products and offerings, while also aiming to improve the trading experience and the quality of the data they offer to customers.
Innovative Technology and Analytics
He went on to say that Numerix is the perfect partner for what they, as a company, are looking for, because of its innovative technology and analytics prowess. They are, according to Fitzpatrick, famous around the field for their advanced modeling and coverage of OTC derivatives. The alliance will give customers and users the chance to enjoy comprehensive coverage of the FX spot and derivatives markets on a global scale.
TraditionDATA was, according to a specialized finances publication, recently rebranded to focus on offering customized solutions to several types of clients, with different needs and requirements.
The interdealer broker offers its services via packages, tailor-made to fulfill customers’ needs when it comes to trading data.