Tradition Revamps Forward Swaps Data; Preps ParFX Data Offering, HFT Neutralizer

Roger Rutherford

Tradition rolled out the forward swap rates in the USD Data subsection of its subscriber-only pages on the Bloomberg Professional terminal on Feb. 4, under the swaption strikes tab. According to a notification sent on Feb. 4 informing customers of the service, the rates will provide the USD options market with “a degree of independence, accuracy and certainty,” that was previously unavailable.

The rates combine auditable mid-prices from Trad-X with bootstrapping (a method used to calculate zero

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