HKEx Adopts Traiana FX Clearing Solution
Market participants can now clear deliverable FX trades regardless of how they were executed.
Hong Kong Exchanges and Clearing (HKEx) has opted to use post-trade infrastructure provider Traiana’s direct central clearing connectivity to clear foreign exchange (FX) deliverables.
Market participants can now access HKEx’s OTC Clear service to clear USD/CNH and USD/HKD FX forwards and swaps using Traiana’s CCP Connect clearing hub.
Steve French, head of connectivity and messaging at Traiana, says that previously, clearinghouses offered non-deliverable forwards, as there are no settlement
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