EuroCCP Adds Traiana Platform to OTC Clearing Services
The European central counterparty (CCP) has announced that it has expanded its clearing services to integrate the Harmony platform.
EuroCCP’s clearing participants can request Traiana to forward bilaterally agreed matched transactions to EuroCCP for them to be centrally cleared with their activity across 18 markets, which will help reduce counterparty risk and costs through trade netting.
“With the successful extension of our coverage to include Traiana, we anticipate clients in the broker and investment bank sectors will increase their usage of EuroCCP’s clearing services for OTC transactions,” says Diana Chan, CEO of EuroCCP.
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