Traiana Adds UBS, Barclays to Automated Central Clearing Platform

Addition of UBS and Barclays to give 'tremendous boost' to trade volumes netted on Harmony CCP Connect for Equities platform.

A view of downtown Manhattan in New York
Traiana, an ICAP-owned company, is headquartered in New York.

Launched by Traiana 18 months ago, it provides automated matching and central clearing of over-the-counter (OTC) equities trades, in order to benefit from the netting cycle that occurs for on-exchange trades, reduced ticket volumes and a corresponding reduction in settlement costs and risks. The Harmony CCP Connect for Equities platform is connected to Europe's three major clearing houses─EuroCCP, LCH.Clearnet and SIX X-Clear.

UBS and Barclays join incumbent banks and brokers including Credit

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