TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

Rick Steves

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.

crude oil trend

The data and information services division of Compagnie Financière Tradition is addressing the growing need of accurate oil pricing as fossil fuels will remain extremely important within the global energy structure over the next few decades, despite the overwhelming need for decarbonization.

As such, access to accurate oil pricing will remain key in navigating an increased market uncertainty and volatility fuelled by the energy crisis, net zero strategies and a changing competitor landscape.

The unique model has been developed with Tradition’s market-leading oil broking desk and analytical team to create a reliable, independent and market-driven product. Coupled with an established pricing model, the product provides 13,000 updates per second across 20,000 instruments allowing users to spot arbitrage opportunities inter-product and inter-regional spreads.

Real-time source for oil swaps pricing

The proprietary Oil Swap Model (OSM) offers a real-time source for oil swaps pricing data, drawing directly from Tradition’s 22 brokerage desks’ experience and exposure across the globe.

The OSM enables TraditionDATA’s customers to gain visibility into illiquid and opaque oil markets. It provides full product coverage across crude and the refined product spectrum alongside a comprehensive forward curve covering monthly, quarterly and calendar time periods.

This unique product has been created with the expertise of Tradition’s experienced analytical team on its market-leading oil broking desk, coupled with an established pricing model with proven methodology to create a reliable, independent and market driven product.

“A critical time in OTC oil traded markets”

Francesca Marrone, Energy and Commodities Product Manager at TraditionDATA, commented: “Our proprietary Oil Swap Model Product utilises best-in-class data from Tradition, one of the largest interdealer brokers globally, making it a valuable, real-time source for data pricing within oil swaps. It provides our clients with an insight into traditionally opaque, voice traded products, giving them an advantage over their competitors during a critical time in OTC oil traded markets. It’s our mission to provide our clients with access to the data they need when they need it most and we look forward to expanding our offering across a range of asset classes in the coming months.”

The model provides 13,000 updates per second across 20,000 instruments, enabling users to spot arbitrage opportunities within inter-product and inter-regional spreads. The full flexibility on data content and the ability to choose from a suite of data packages to be delivered either in real-time or per chosen snapshots make the OSM a perfect fit for the front office and middle office.

COP 27 has highlighted the need to fasten the pace of decarbonisation. However, the event also made clear that fossil fuel will still play a crucial role in the global energy infrastructure over the next few decades. Access to accurate oil pricing will remain key to financial and commodities institutions to enable them to navigate increased market uncertainty and volatility fuelled by the energy crisis, net zero strategies and a changing competitor landscape.

The release of OSM aligns with TraditionDATA’s mission to offer smaller, granular packages based on currency, region or product which enables clients to only pay for what they actually need.

Read this next

Retail FX

Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Retail FX

Lark Funding reopens to US traders, MyFundedFX picks cTrader

Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

Institutional FX

Cboe FX volume falls to lowest level since summer

Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

Retail FX

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Digital Assets

New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

Digital Assets

Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

Digital Assets

Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

Institutional FX

Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

Industry News

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

<