About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Tradition Partners with NYSE Euronext’s Prime Source for End of Day Pricing

Subscribe to our newsletter

Tradition, an interdealer broker, has formed a partnership with Prime Source, whereby Tradition will provide end of day pricing of a range of financial products to Prime Source, a NYSE Euronext company. The Prime Source service allows users to access prices and evaluations from different sources, including markets, dealer contributions and valuation models designed to meet professional buy side market participants’ needs for valuation of large, global portfolios of complex structured products and illiquid securities.

As part of Tradition’s ongoing commitment to support market transparency and the provision of reliable valuations, it will provide end of day rates and money market data covering G10, Asia and European emerging markets. The end of day pricing will be particularly useful for funds, fund administrators, auditors, portfolio managers and investors (risk management, compliance) as well as issuers.

This announcement comes at a time of increasing demand for valuation services, with regulators and institutional investors calling for greater transparency and independence in the valuation of complex securities.

Bruce Collins, deputy chairman of Tradition, says: “We are delighted to be the first interdealer broker whose data is included in the Prime Source service offering unique access to OTC valuations. This new service represents our ongoing commitment to innovation and customer service and will strengthen Tradition’s position as a leading interdealer broker.”

Marie-Hélène Crétu, CEO of Prime Source, says: “The availability of Tradition’s pricing will enhance the valuation services available via Prime Source. Through Prime Source, users can obtain the information they need to facilitate their valuation process in one single, independent source.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Twelve Leading Data Lineage Solutions for Capital Markets

The ability to trace the journey of data from its origin to its final report is no longer a luxury but a regulatory and operational necessity. As firms grapple with the intensifying requirements of regulations such as BCBS 239, GDPR and the shifting landscape of MiFID II, the “black box” approach to data management has...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Impact of Derivatives on Reference Data Management

They may be complex and burdened with a bad reputation at the moment, but derivatives are here to stay. Although Bank for International Settlements figures indicate that derivatives trading is down for the first time in 10 years, the asset class has been strongly defended by the banking and brokerage community over the last few...