Largest FX Inter- Dealers to Use Traiana Harmony for OTC FX Clearing Connectivity
Traiana, leading provider of post-trade solutions, announces today that EBS and Thomson Reuters have selected Traiana Harmony for connectivity to over-the counter (OTC) client Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Read this Term firms and central counterparties (CCPs). By using Harmony CCP Connect, clients trading on their platforms will have a ready connection to submit their trades to clearing houses and clearing brokers without additional cost or infrastructure investments, automating the clearing of OTC FX Derivatives and delivering compliance with OTC clearing regulations.
Harmony CCP Connect provides a comprehensive solution for OTC FX clearing, including connectivity, workflow automation, trade matching and affirmation. With a single connection to Harmony, it provides access to all CCPs, thus lowering costs and complexity for market participants. Harmony CCP Connect also provides a gateway to the leading FX trading and post-trade venues, ensuring Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim of satisfying their client’s portfolio demands. Through the analysis and acquisition of underpriced assets, buy-side entities purchase these assets with the prediction that they will appreciate. Moreover, the largest buy-side participants include firms such as BlackRock, The Vanguard Group, and UBS Group to name a few. It is important to note that firms such as BlackRock are able to influence market prices as a result of placing large investments under single entities while the Securities and Exchange Commission (SEC) requires a quarterly 13-F filing for all holdings bought or sold by buy-side managers. What differentiates buy-side investors from other traders would be the advantages that are yielded to them. Buy-side investors not only have access to a much broader range of trading resources and market insight but also tend to possess decreased trading costs through large lot acquisitions. To sum up, firms work with buy-side analysts to provide research recommendations that are kept exclusive to those participants of the firm while all analysts are overseen by regulations set forth by the International Organization of Securities Commissions (IOSCO). The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim of satisfying their client’s portfolio demands. Through the analysis and acquisition of underpriced assets, buy-side entities purchase these assets with the prediction that they will appreciate. Moreover, the largest buy-side participants include firms such as BlackRock, The Vanguard Group, and UBS Group to name a few. It is important to note that firms such as BlackRock are able to influence market prices as a result of placing large investments under single entities while the Securities and Exchange Commission (SEC) requires a quarterly 13-F filing for all holdings bought or sold by buy-side managers. What differentiates buy-side investors from other traders would be the advantages that are yielded to them. Buy-side investors not only have access to a much broader range of trading resources and market insight but also tend to possess decreased trading costs through large lot acquisitions. To sum up, firms work with buy-side analysts to provide research recommendations that are kept exclusive to those participants of the firm while all analysts are overseen by regulations set forth by the International Organization of Securities Commissions (IOSCO). Read this Term firms can use their preferred trading, allocation and confirmation venues with complete interoperability. For firms trading on Thomson Reuters or EBS, this will allow them to trade, allocate and confirm using their existing processes, but adds integration to the clearing processes of the CCPs and client clearing firms. The solution supports all proposed US and European clearing rules and workflows, simplifying compliance for FX trading venues, clearing firms and their clients.
Jas Singh, Global Head of Treasury, Thomson Reuters, said: “As the regulatory drive to impose clearing on the OTC derivative market continues, the market at large is already planning for new methods of workflow, including clearing. By connecting to Harmony CCP Connect our clients will have seamless access to the FX clearing organizations, the ability to better manage their bi-lateral exposures and their counterparty risk.”
Gil Mandelzis, CEO, EBS, said: “The introduction of FX Clearing requires new processes and technology for market participants, and it continues to evolve as rules are finalized in the US, Europe and Asia. By connecting the EBS platform to Harmony CCP Connect, we gain a comprehensive solution for our customers, even as regulations differ and evolve around the globe.”
Andrew Coyne, CEO, Traiana, said: “We’ve worked very closely with the leading FX trading venues for years to automate post-trade and manage risk in FX trading. By joining forces with EBS and Thomson Reuters, we provide an end-to-end solution for FX clearing which will reduce costs and complexity for the FX industry."
Traiana, leading provider of post-trade solutions, announces today that EBS and Thomson Reuters have selected Traiana Harmony for connectivity to over-the counter (OTC) client Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Read this Term firms and central counterparties (CCPs). By using Harmony CCP Connect, clients trading on their platforms will have a ready connection to submit their trades to clearing houses and clearing brokers without additional cost or infrastructure investments, automating the clearing of OTC FX Derivatives and delivering compliance with OTC clearing regulations.
Harmony CCP Connect provides a comprehensive solution for OTC FX clearing, including connectivity, workflow automation, trade matching and affirmation. With a single connection to Harmony, it provides access to all CCPs, thus lowering costs and complexity for market participants. Harmony CCP Connect also provides a gateway to the leading FX trading and post-trade venues, ensuring Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim of satisfying their client’s portfolio demands. Through the analysis and acquisition of underpriced assets, buy-side entities purchase these assets with the prediction that they will appreciate. Moreover, the largest buy-side participants include firms such as BlackRock, The Vanguard Group, and UBS Group to name a few. It is important to note that firms such as BlackRock are able to influence market prices as a result of placing large investments under single entities while the Securities and Exchange Commission (SEC) requires a quarterly 13-F filing for all holdings bought or sold by buy-side managers. What differentiates buy-side investors from other traders would be the advantages that are yielded to them. Buy-side investors not only have access to a much broader range of trading resources and market insight but also tend to possess decreased trading costs through large lot acquisitions. To sum up, firms work with buy-side analysts to provide research recommendations that are kept exclusive to those participants of the firm while all analysts are overseen by regulations set forth by the International Organization of Securities Commissions (IOSCO). The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim of satisfying their client’s portfolio demands. Through the analysis and acquisition of underpriced assets, buy-side entities purchase these assets with the prediction that they will appreciate. Moreover, the largest buy-side participants include firms such as BlackRock, The Vanguard Group, and UBS Group to name a few. It is important to note that firms such as BlackRock are able to influence market prices as a result of placing large investments under single entities while the Securities and Exchange Commission (SEC) requires a quarterly 13-F filing for all holdings bought or sold by buy-side managers. What differentiates buy-side investors from other traders would be the advantages that are yielded to them. Buy-side investors not only have access to a much broader range of trading resources and market insight but also tend to possess decreased trading costs through large lot acquisitions. To sum up, firms work with buy-side analysts to provide research recommendations that are kept exclusive to those participants of the firm while all analysts are overseen by regulations set forth by the International Organization of Securities Commissions (IOSCO). Read this Term firms can use their preferred trading, allocation and confirmation venues with complete interoperability. For firms trading on Thomson Reuters or EBS, this will allow them to trade, allocate and confirm using their existing processes, but adds integration to the clearing processes of the CCPs and client clearing firms. The solution supports all proposed US and European clearing rules and workflows, simplifying compliance for FX trading venues, clearing firms and their clients.
Jas Singh, Global Head of Treasury, Thomson Reuters, said: “As the regulatory drive to impose clearing on the OTC derivative market continues, the market at large is already planning for new methods of workflow, including clearing. By connecting to Harmony CCP Connect our clients will have seamless access to the FX clearing organizations, the ability to better manage their bi-lateral exposures and their counterparty risk.”
Gil Mandelzis, CEO, EBS, said: “The introduction of FX Clearing requires new processes and technology for market participants, and it continues to evolve as rules are finalized in the US, Europe and Asia. By connecting the EBS platform to Harmony CCP Connect, we gain a comprehensive solution for our customers, even as regulations differ and evolve around the globe.”
Andrew Coyne, CEO, Traiana, said: “We’ve worked very closely with the leading FX trading venues for years to automate post-trade and manage risk in FX trading. By joining forces with EBS and Thomson Reuters, we provide an end-to-end solution for FX clearing which will reduce costs and complexity for the FX industry."