TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has released a full suite of Thai Overnight Repurchase Rate (THOR) analytical data enabling customers to better view the changing Thai Baht market.
TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has released a full suite of Thai Overnight Repurchase Rate (THOR) analytical data enabling customers to better view the changing Thai Baht market.
The full suite of THOR data, which includes a THOR OIS curve, is based on a combination of prices originated from trading by Tradition’s brokerage desks and its expert analytics. The data is available directly from TraditionDATA as well as on Bloomberg and Refinitiv under the firm’s Global and Risk Free Rates packages.
The Bank of Thailand launched THOR in April 2020 and it will replace the Thai Baht Interest Rate Fixing (THBFIX) which will be discontinued after June 30, 2023. It also stated that starting from 1 July 2022 onwards, all financial institutions shall cease offering new derivatives referencing THBFIX, such as Interest Rate Swaps (IRS) and Cross Currency Swap (CCS), except for risk management of THBFIX legacy contracts.
Over the past two years, TraditionDATA has been working on adding Global Alternate Rates analytical data in response to the cessation of the London Inter-Bank Offered Rate (LIBOR). During this time, the firm has deepened its relationships with market regulators, global vendors, TraditionDATA’s subscribers and the brokerage business of Compagnie Financière Tradition.
So far in 2022, TraditionDATA has built and published over 30 new Interest Rate Derivative (IRD) curves. This augments the 30,000+ new interest rate derivatives instruments published by TraditionDATA and the firm has another six IRD curves built waiting to be published.
