TeraExchange Links Up With Traiana CreditLink, Bolsters OTC FX, Derivatives Clearing

TeraExchange, a multifaceted exchange specializing in CDs, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and derivatives, has announced its partnership with Traiana CreditLink, the comprehensive, real-time platform for pre and post-trade clearing, via a TeraExchange company statement.

TeraExchange offers a central limit order book platform for a variety of asset classes that is fully compliant with the transparency and regulatory measures. As such, the newly announced accord gives TeraExchange clients the option to choose between the duality of TeraCheck; its internal pre-trade credit mechanism, or Traiana’s CreditLink. Like its TeraExchange counterpart, the CreditLink operation supports a plethora of asset classes, including OTC FX, exchange traded derivatives, and swaps – ultimately, both operations effectively manage and grapple the rigors of real-time trading and clearing.

Market Participants Afforded Newfound Flexibility

According to Christian Martin, CEO of TeraExchange, in a recent statement on the operations accord, "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.”

Indeed, while there are subtle differences between the two functions, both TeraCheck and CreditLink afford market participants access to a robust suite of operations and clearing mechanisms. This is reflective in the ability to pre-screen orders and executions in order to prevent delays at the time of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

New Initiative Fully Compliant with CFTC Regulations

The banner of regulation has seemingly served as the impetus for the partnership, with transparency being a targeted goal. "TeraExchange is a welcome addition to the Traiana network. For over a year, we have been building Traiana CreditLink for the swaps industry so participants trading on SEFs would be compliant with new CFTC regulations." added Nick Solinger, Head of Product Strategy and Chief Marketing Officer at Traiana.