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NEX Data and Tradition agree distribution partnership

First Published 12th January 2017

NEX Data to be a distributor for Tradition's market data and information services division, TraditionDATA.

Dan Marcus, Tradition

Dan Marcus, Tradition

NEX Data, which delivers global pricing data and information solutions, and Tradition, the interdealer broker in over-the-counter commodity and financial products, have agreed a distribution partnership.

NEX Data will become a key distributor for Tradition's market data and information services division, TraditionDATA. The agreement includes real-time and end-of-day prices sourced directly from Tradition's electronic, hybrid and voice broking operations in all asset classes to include: interest rate derivatives, money markets, energy and commodities and fixed income products. It also covers data from Trad-X, Tradition's electronic trading platform for OTC derivatives, and Tradition Asia, the interdealer broker's Japanese and pan-Asian division.

Dan Marcus, Global Head of Strategy and Business Development at Tradition, said: "Our partnership with NEX Data will be mutually beneficial; it will substantially expand the reach and distribution of our respective complimentary market data and information services and enable our clients to benefit from a wider set of data sources."