TraditionDATA, the market data and information services division of Tradition, has partnered with Numerix to expand its FX market data coverage.
By teaming up with Numerix, a provider of technology solutions and real-time intelligence capabilities for trading and risk management, TraditionDATA is seeking to leverage its analytics expertise and create derived data for more than 130 volatility surfaces across more than 130 currency pairs.
Conforming with industry standard “cut” times, this data service includes tenors ranging from one week to 30Y, and volatility points including at the money (ATM), 5D, 10D, 15D, 25D and 35D in risk reversals and butterflies.
The data will be available directly from Integrate, Tradition’s in-house market data distribution platform, the Bloomberg Market Data Feed and via a selection of Numerix applications and products.
“We are always looking to increase our product range and improve the quality and quantity of the data we provide to clients. Numerix was the ideal partner for this initiative; they have cutting-edge technology and analytics capabilities, and are recognised and renowned across the industry for their advanced modelling and coverage of OTC derivatives, including the most complex exotic products. This partnership gives our clients access to accurate and comprehensive coverage of the FX spot and derivatives markets globally,” says
Scott Fitzpatrick, global head of TraditionDATA.
Steve O’Hanlon, CEO of Numerix, comments: “We are proud to be the analytics partner to help TraditionDATA provide the data needed to support its clients. Its flexible model is shaking up the status quo in terms of data consumption, and avoids the complex process of unbundling, analysing and extracting valuable data points.”