ICAP's Traiana Launches an Enhanced Version of Its CreditLink SEF Platform
- The company's CreditLink platform is a tool covering the needs of prime brokers, executing brokers and buy side firms, for full compliance with CFTC regulations related to swap execution facilities.
ICAP’s company Traiana, has announced an enhanced platform catering to the needs of prime brokers, executing brokers and buy-side firms named CreditLink, making public the addition of solutions for streamlining post-trade processing of trades on swap 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 facilities (SEFs) and managing the allocating process for orders which are regrouped together. The upgraded version also adds the option to monitor limits throughout the complete trade cycle.
According to CFTC regulations all clearing members must define certain limits and conduct pre-trade credit checks on their clients’ orders before they are sent for execution on a SEFs. Traiana’s CreditLink platform is servicing as a credit checking hub for credit default swap (CDS) and interest rate swap trading. The solution is fully connected to the major SEFs, clearing houses and 16 Futures Commission Merchants (FCMs).
The updated release of CreditLink, which according to the announcement is currently in production, will extend Traiana’s capabilities for pre-trade credit checking with a set of new features:
- Real-time notifications of SEF orders and executions
- What-if checking for new trades and allocations to ensure planned trading activities are within clearing limits
- Bunched-order allocations with integration to leading clearinghouses across Interest Rate Swaps and Credit Default Swaps
- Automated notifications, alerts and reports to help firms manage their margin requirements and limits with their futures commissions merchants (FCMs)
Traiana’s Head of Product Strategy and Chief Marketing Officer, Nick Solinger, commented in the company’s announcement on the matter: “Buy-side market participants trading on SEFs have pre and post-trade requirements that impact not only their trading teams, but also their compliance and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term processes. Extending our services to the buy-side provides greater visibility and flexibility, which supports the ongoing development of a smoothly functioning market in a new regulatory environment.”
ICAP’s company Traiana, has announced an enhanced platform catering to the needs of prime brokers, executing brokers and buy-side firms named CreditLink, making public the addition of solutions for streamlining post-trade processing of trades on swap 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 facilities (SEFs) and managing the allocating process for orders which are regrouped together. The upgraded version also adds the option to monitor limits throughout the complete trade cycle.
According to CFTC regulations all clearing members must define certain limits and conduct pre-trade credit checks on their clients’ orders before they are sent for execution on a SEFs. Traiana’s CreditLink platform is servicing as a credit checking hub for credit default swap (CDS) and interest rate swap trading. The solution is fully connected to the major SEFs, clearing houses and 16 Futures Commission Merchants (FCMs).
The updated release of CreditLink, which according to the announcement is currently in production, will extend Traiana’s capabilities for pre-trade credit checking with a set of new features:
- Real-time notifications of SEF orders and executions
- What-if checking for new trades and allocations to ensure planned trading activities are within clearing limits
- Bunched-order allocations with integration to leading clearinghouses across Interest Rate Swaps and Credit Default Swaps
- Automated notifications, alerts and reports to help firms manage their margin requirements and limits with their futures commissions merchants (FCMs)
Traiana’s Head of Product Strategy and Chief Marketing Officer, Nick Solinger, commented in the company’s announcement on the matter: “Buy-side market participants trading on SEFs have pre and post-trade requirements that impact not only their trading teams, but also their compliance and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term processes. Extending our services to the buy-side provides greater visibility and flexibility, which supports the ongoing development of a smoothly functioning market in a new regulatory environment.”