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Lloyds joins Trad-X as a Founder

First Published 16th January 2014

Lloyds Bank to join Tradition's Trad-X platform as a Founder participant.

Daniel Marcus, CEO, Trad-X

Daniel Marcus, CEO, Trad-X

"Lloyds will add further quality liquidity, as well as product expertise and input in the development of our nascent GBP hybrid platform."

Trad-X, the platform for the trading of global interest rates swaps, has announced that Lloyds has agreed to join Trad-X as a Founder participant.

Christophe Coutte, Head of Rates at Lloyds Bank Commercial Banking said: "We are very pleased to be joining Trad-X as a Founder and look forward to working with Tradition to grow hybrid capability in the GBP market, alongside its more mature currency offerings. Lloyds Bank supports market-led efficient trading solutions and Tradition has shown itself to be a leader in this area.".

Daniel Marcus, CEO of Trad-X, commented: "We are very excited to have Lloyds Bank as Founder on Trad-X. As one of the leading GBP banks, Lloyds will add further quality liquidity, as well as product expertise and input in the development of our nascent GBP hybrid platform. We look forward to GBP IRS replicating the success of our USD and EUR offerings".