Traiana, the leading provider of post-trade solutions, announced today that it has launched a new service for connection to central counterparties (CCPs) for brokering of OTC foreign exchange (FX) derivatives. Citi is the first customer of the solution.
Harmony CCP connect provides extensive connectivity to the contact points by harmony network, including routing, trade confirmation, matching, distribution, and reporting for centrally cleared OTC foreign exchange (FX) options and non-slutprodukt forward (NDFs).
Available immediately for all members of community harmony, harmony CCP connect central clearing services will be added to the Traianas market after trade networks of processes OTC FX options and NDFs for a network of over 500 affiliated companies.
Andy Coyne, Global Head of FX Prime Brokerage at Citi, said, "in the future, the client trading environment will cover both the cleared and non-cleared. In this new world will be absolutely necessary to have a solution that handles both. Because the majority of FX prime brokerage trade already go through Harmony, including NDFs and options for Traiana is the natural choice to give the cultural contact points and connection. "
Gil Mandelzis, CEO, Traiana, said, "the addition of Central Clearing in the FX instruments means that the complexity of trading and processing for the clients will increase significantly, and as such his role as the main broker becomes even more important. Traiana is committed to supporting FX prime brokers challenges and opportunities and we are delighted to be selected by Citi to implement our solution.
TrackBack URL:
http://derivatives.blogware.com/blog/_trackback/4776481
Geen opmerkingen:
Een reactie posten