Icap-owned specialist Traiana has announced the expansion of kill-switch functionality in its CreditLink offering, which now includes single dealer platforms (SDPs).
The first SDP to sign up for the capability is Velocity, operated by Citi. Traiana already operates kill switches for multi-dealer platforms.
"The expansion of CreditLink's kill switch to single dealer platforms improves risk management controls in the FX markets, bringing the bank trading portals into line with the capabilities we've built with the ECNs," says Jill Sigelbaum, head of FX at Traiana. "By enabling prime brokers and their clients to monitor risk in real-time and take swift actions, the market will be further insulated from technology risks and the losses they can rapidly create."
Traiana is owned by interdealer broker Icap.
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