Crossword Genius

New trade is valued (5)

Ross

I believe the answer is:

rated

'is valued' is the definition.
(I've seen this in another clue)

'new trade' is the wordplay.
'new' indicates an anagram.
'trade' is an anagram of 'RATED'.

(Other definitions for rated that I've seen before include "Castigated" , "Tread (anag.)" , "highly regarded" , "Thought highly of" , "deserved" .)

I've seen this clue in The Globe and Mail.
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