The Chicago Mercantile Exchange Group gives the green light to Harmony.
Traiana Harmony has been certified by the CME Group for the clearing of over-the-counter (OTC) foreign exchange (FX) derivatives.
Clients are now able to use the Harmony CCP [central counterparty] Connect solution for clearing purposes. The software is the first to be certified by the CME Group, and includes functionality for workflow automation, trade matching and affirmation, and access to all available CCPs. Built into the platform are the proposed rules for both US and European clearing requirements.
"We're very grateful for the close collaboration with CME Group and the support of our customers," says Gil Mandelzis, CEO at Traiana. "Linking Traiana Harmony and CME Group will reduce costs and complexity for the FX industry."
Anthony and James hit on a wide-range of topics, from Brexit in the UK, to the SGX-NSE fight in APAC, to the Supreme Court's decision on cellphone location data in the US.Subscribe to Weekly Wrap emails