Javelin Adds Traiana CreditLink Connection
CreditLink allows for pre-trade credit checks on interest-rate swaps, performed in real time. These mechanisms have emerged as key pieces of SEF-related market architecture, following concerns that trades would fail before reaching the clearing stage if fund managers are pushed over their credit limits with clearing brokers, or futures commission merchants (FCMs).
Pre-trade credit checking hubs such as CreditLink, and its rival Credit Center, from Markit, allow for completion certainty at the point of execution. They also provide a one-to-many hub connectivity option, where individual FCMs may not be willing to connect to multiple SEF credit-checking facilities themselves.
"In advance of Javelin's [certified Made Available to Trade determination] next month, we are pleased to offer Traiana's CreditLink solution to Javelin customers," says James Cawley, CEO at Javelin.
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