NEX Distributes Tradition Data

After selling its voice-brokerage business to rival Tullett Prebon, NEX (formerly Icap) has forged a data alliance with Tradition.

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The data covers Tradition's real-time and end-of-day prices for interest-rate derivatives, money markets, energy, commodities and fixed income instruments, as well as data from the broker's Trad-X electronic trading platform for over-the-counter derivatives, and from its Japanese and Asian business. Officials say the agreement will expand the distribution of Tradition's market data, giving its clients a wider set of data sources.

"By acting as a distributor to Tradition, which offers complement

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