Tradition-ICAP was formed in July 2000 by the merger of the OTC FX Options divisions of the TFS Group and ICAP plc. Tradition-ICAP has offices in London, New York, Frankfurt, Copenhagen, Tokyo, Hong Kong and Singapore.
Tradition-ICAP conducts its business as an independent intermediary in OTC FX Options. In November of 2001, the Company integrated the Volbroker system into its currency options business. This created an inter-dealer broking consortium that combines the strengths of voice brokered liquidity together with the market’s leading FX Options electronic broking platform. The Volbroker platform was designed by traders, for traders and is used by banks all over the world.
Tradition-ICAP, as the leading broker in FX Options, has an unparalleled market data offering.
Key Features and Coverage on RIMES
For this data source, RIMES hosts Tradition-ICAP’s FXO currency pairs. The very best prices are available in over 50 currency pairs. Tradition-ICAP can provide ATMs and a full volatility surface (10 and 25 Delta Risk Reversals and Butterflies) out to 2 years on all currency pairs with long dated ATMs for the most liquid dozen or so.