TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has launched a range of new foreign exchange (FX) data packages.
Leveraging insights from Tradition’s broking desks, the FX data packages provide a comprehensive view of the global FX markets.
The firm said that content is further enhanced through application of its in-house analytics models, providing pricing on 3500 spots, crosses and FX Forwards across 60 currencies. Pricing is also available across 268 forward and non-deliverable forward (NDF) currency pairs.
The FX data packages are available across a variety of regions including G10, global emerging markets, Africa, Greater China, Emerging Europe, Australasia, South East Asia and Latin America.
TraditionDATA also offers specialist packages covering FX options including FX Options Enhanced Volatility Surfaces, in partnership with Numerix, and Tradition-ICAP FX Options.
FX markets have been particularly volatile this year and this is expected to continue into 2023 due to soaring inflation, fears of a global recession and the war in Ukraine.
In the UK alone, the Bank of England expects GDP to be 1.75% lower in 2025 than it is today while inflation could peak between 13% and 18% in 2023, according to a recent Although the Commodities Future Trading Commission report.
The report also noted that the British pound has mostly withstood Brexit, but the currency is expected to depreciate in the coming months.
As a result, TraditionData argues access to real-time and historical market-driven data from is vital for market participants to to gain insights to navigate their way through these turbulent market conditions.
The launch of the new FX data packages is part of TraditionDATA’s strategy to provide smaller, granular packages based on currency, region or product which enables clients to only pay for what they need while gaining greater market transparency.
“Volatility has spiked across FX markets in recent months and in times of uncertainty market participants need data and insights they can trust,” said Jim Mahn, global head of product – TraditionDATA.
He added that its new FX packages provides clients with a clearer and transparent view of the market. “It enables them to manage risk and maximise alpha effectively,” he says.
