The broker said the new trading platform executed its first trade on October 6
An innovative new collateral trading
system from inter-dealer broker Tradition has gone live and
completed its first trade between two non-bank entities, less
than six months after the initiative was announced.
Tradition launched last week its Elixium
trading system designed to allow a variety of financial and
non-financial firms to trade liquid assets as collateral and
help alleviate regulatory reforms that have put collateral at a
Its first trade was transacted on Thursday
by Citigroup on behalf of CME Clearing Europe on one side and
Insight Investment for a UK pension fund on the other side, the
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