The TRADe system in is a system for order entry to the regulated business operated by TFS Derivates HK Ltd for CDS and Bonds. Please refer to section 1.6 of our Terms and Conditions for more details ( TRADMATCH User Agreement [PDF] )

Order information is distributed via the TRADe system, and trades executed via the system generate to alerts to notify participants of these events. Fixed price matching sessions (aka Auctions) are also supported, where participants are invited to submit buy or sell quantities on listed instruments at the published price level.