UniCredit and Actiam Added To IRD CLOB By Trad-X

Free $100 Forex No-Deposit Bonus

The interest rate derivative trading platform, Trad-X, has recently announced that it had added Actium as a non-dealer and UniCredit as a dealer within its dealer-to-client (D2C) electronic central limit order book (CLOB)

Increasing The Power Of Trad-X CLOB

UniCredit will stand alongside existing dealers such as BNP Paribas, JP Morgan, as well as Commerzbank. These dealers are set to provide liquidity to non-dealers, and will stream two-way pricing to an array of buy-side clients and smaller banks that trade in Eurex-cleared instruments. This was all revealed by Trade-X itself, which is based in London.

Actiam, based in Utrecht, has managed to join the platform successfully as a non-dealer. This, in turn, stands to diversify the type of non-dealers that support the execution methodology of CLOB.

Trad-X has taken many steps to work closely alongside its clients, all in a bid to introduce new product ranges, as well as improve the overall liquidity of the platform. This includes IMM structures and one-year instruments, as well.

The Many Public Statements

Philippe Dudon stands as the COO of Trad-X, and gave comment about the matter at large. He explained that non-dealers are primarily interested in the execution process CLOB offers due to its standardized products. Dudon explained the D2C platform of Trad-X allows for direct access to the displayed executive liquidity, doing so through a MiFID II-enforced, mandatory-cleared environment. This, in turn, helps create a new execution opportunity for non-dealers. Couple this with the minimized costs of execution and the seamless onboarding process, Trad-X-D2C is consistently attracting new participants, according to Dudon.

Magnus Innus stands as the Head of Flow Interest Rate Derivatives at UniCredit, and gave comment about the integration at large. He stated that UniCredit was proud to serve as a liquidity provider for the clients within the Eurex-cleared D2C CLOB. Thus, Innus states, UniCredit serves by contributing to the efficient, transparent market of Euro interest rate swaps.

Technology Key Driver In Finance Industry

Even Rick Stassen, who works in treasury and execution at Actiam, gave comment. Stassen stated that technology is a primary driver in the change within the finance industry, and noted that this was the opinion of Actiam as a whole

Stassen stated that new levels of transparency could be found through the use of the Trad-X CLOB. Furthermore, the platform can be used by Actiam to increase certainty, as well as provide an alternative source of liquidity in the process. Stassen went further, highlighting the potential it gives buy-side firms, such as Actiam, to be a price maker rather than simply a price taker.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.