Traiana’s pre-trade clearing certainty initiative, delivered by Traiana CreditLink service, has received the support of leading futures commissions merchants and trading venues to manage swap clearing limits in compliance with the requirements of Dodd-Frank legislation.
Traiana CreditLink Service offers clearing and buy-side firms the ability to manage trading and clearing limits in real-time and across asset classes. Barclays, BofA Merrill Lynch, Citi, Goldman Sachs and J.P. Morgan are said to be supporting the pre-trade risk and post-trade processing solutions provider.
"Traiana is very pleased to be a part of such a significant initiative for the swaps market," says Andrew Coyne, CEO of Traiana. "By working together with the leading FCMs, venues and clearinghouses, buy side firms will be able to comply with new clearing and trading mandates without fragmenting their limits or diminishing their access to liquidity."
The service is in live production operation and is connected to and supported by 12 potential swap execution facilities (SEFs) and designated contract markets (DCMs), and has been built in consultation with major clearinghouses, including CME Group, IntercontinentalExchange and LCH.Clearnet Group.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails