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. Th 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. Th 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 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 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. Th 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. Th 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 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 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."