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Interest-rate derivatives platform Trad-X is joining forces with MTS, the London Stock Exchange Group’s fixed income trading platform, to launch an asset swap data service that the partners say will become the market reference for European asset swap spreads.
The asset swap service will be produced using French, German, Italian and Spanish live and executable interdealer government bond data from MTS, and Trad-X’s real-time executable euro interest rate data, the companies said in a statement on Wednesday.
“As regulated venues, we decided to combine our interdealer electronic market data to create a robust reference for European asset swap packages,” said Philippe...