Traiana Enhances Harmony CreditLink with FX Derivatives
Traiana has announced the re-launch of Harmony CreditLink, which now incorporates functionality for foreign exchange (FX) options trading.
Digital Vega will be the first firm to integrate the new software into its multi-dealer FX options platform, Medusa. Citigroup and Morgan Stanley will also use the service for client and counterparty credit management.
"Integrating the Medusa trading platform to Traiana's CreditLink solution brings a range of significant advantages to all our clients and partners in terms of managing counterparty risk and exposure," says Mark Suter, CEO at Digital Vega. "The provision of real-time, pre-trade limit checking allows us to deliver an integrated, industry standard solution covering spot, forward and FX option trading. Additionally, this partnership provides us with an ideal solution with which to address the significant pending changes to the FX regulatory environment."
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