NYSE EURONEXT’S PRIME SOURCE TO OFFER BROKER TRADITION’S PRICING DATA

Posted July 17, 2009

NEW YORK – Valuation services provider Prime Source, a unit of NYSE Euronext, and inter-dealer broker Tradition have partnered to deliver end-of-day pricing of a range of financial products through Prime Source.

“This new service represents our ongoing commitment to innovation and customer service and will strengthen Tradition’s position as a leading inter-dealer broker,” says Bruce Collins, Deputy Chairman of Tradition.

The Prime Source service allows users to access prices and evaluations from different sources, including markets, dealer contributions and valuation models designed to meet professional buy-side market participants’ needs for valuation of large, global portfolios of complex structured products and illiquid securities.

“The availability of Tradition’s pricing will enhance the valuation services available via Prime Source,” says Marie-Hélène Crétu, CEO of Prime Source. “Through Prime Source, users can obtain the information they need to facilitate their valuation process in one single, independent source.”

Tradition will also provide end-of-day rates and money market data covering G10, Asian and European emerging markets. The end of day pricing will be particularly useful for funds, fund administrators, auditors, portfolio managers and investors (risk management, compliance) as well as issuers.