TeraExchange Connects to Traiana's CreditLink

Among those will be TeraExchange's proprietary credit check engine called TeraCheck, built prior to the CFTC's mandate to vet counterparty credit risk pre-trade, as well as CreditLink, which a number of market participants and SEFs have gravitated towards. The move will help Tera, a central limit order book (CLOB) all-to-all execution venue, attract a wider variety of clients, who can also now use a 'directed' trade function to target certain counterparties within the order book who might be aligned with a different credit hub or clearing member.

“It has always been mission-critical for TeraExchange to provide controls for risk taking in our marketplace. Repeatable and dependable risk procedures and protocols create firm and deep markets. Through TeraCheck and our partnership with Traiana we provide clearing members and market participants even more flexibility in achieving those goals,” says Christian Martin, CEO of TeraExchange.