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traiana harmony ccp connect

For more information, read our Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed): Be it a typo or a factual error - we do our best but we are also human! ... CCP Connectivity. your password. Traiana Provides Central Clearing Connectivity to HKEX OTC Clear for FX Deliverables PR Newswire HONG KONG, LONDON and NEW YORK, Jan. 23, 2019 ... via Traiana's Clearing Hub (CCP Connect… Addition of UBS and Barclays to give 'tremendous boost' to trade volumes netted on Harmony CCP Connect for … Pre and post-trade technology company Traiana has been engaged in the development of the Harmony CCP Connect system since last year, and today announced that the first interdealer non deliverable forward (NDF) trade has been delivered to LCH.Clearnet’s ForexClear service through the recently established link with the Harmony CCP Connect system. Market participants looking to clear foreign exchange trades under the new Dodd-Frank and EMIR regulations can leverage their existing foreign exchange prime broker connectivity together with Harmony CCP Connect’s matching and affirmation capabilities to get direct access to CCPs, thus ensuring conformity to worldwide rulings plus ensuring that the end user is able to execute trades in a relatively uninterrupted manner. Today, one month on, Ms. Liau made a statement relating to today’s successful completion of a trade via this new processing system: “We are very pleased to have participated in the execution of the first interbank trade to be cleared through the new link with LCH.Clearnet and Traiana. Harmony CCP Connect service will enable top prime brokers to offer client clearing for NDFs later this year Traiana paves the way to client clearing with six top banks - FX Markets Home Traiana operates a global cross-asset network that connects market participants to a suite of post-trade processing, credit risk and workflow services. Clearing regulations across multiple jurisdictions had to be changed in order to finally achieve an industry solution to clearing OTC equity trades, Traiana has revealed. The two bank have joined the Harmony CCP Connect platform, which looks to offer netting benefits to market participants through the automated central clearing of OTC equity trades. The post-trade specialist, owned by interdealer-broker ICAP, recently launched Harmony CCP Connect, a service to enable OTC trades to be rapidly matched and sent to a central counterparty (CCP) for clearing. Harmony TR Connect will interoperate with Traiana’s Harmony CCP Connect service, which covers the workflow for client clearing including CCP connectivity, trade routing, affirmation, matching, allocation and reporting for centrally cleared OTC FX options and non-deliverable forwards. Subsquently, at the end of June, during a panel discussion involving other senior industry figures, ForexClear CEO Gavin Wells spoke to Forex Magnates in detail With regard to this matter, and on who is expected to report to whom under the new regulatory structure set out in the Dodd-Frank Act. Traiana, a trading services company, has obtained certification to provide real-time connectivity to the IntercontinentalExchange (ICE). We do not store your information and we do not disclose our sources. The trade was a US dollar/ South Korean won (USD/KRW) NDF with HSBC as one of the trading parties. We use cookies to provide a personalized site experience. Enter your email address below. The trade was a US dollar/ South Korean won (USD/KRW) NDF with HSBC as one of the trading parties. We are still working to understand what the regulators want us to make transparent, and how we will be required report such information to them” stated Mr. Wells. The platform will also help the banks using it to manage the increasing array of clearing houses and trade repositories entering the market globally. Harmony CCP Connect for Equities – the Traiana solution that automates the central clearing of OTC equity trades – was launched in October 2014. The CCP Connect business is positioned as a service that market participants can use to reconcile differences in new trading regulations in the US and EU, as well as existing regulatory mandates in Asia. Thank you. These new banks will further enhance the netting benefits already seen by the market through automated central clearing of OTC equity trades. Traiana Harmony . Traiana’s Harmony CCP Connect is the first middleware solution to match and affirm FX derivative client trades with LCH.Clearnet’s ForexClear service, following the establishment of direct connectivity with the clearing house in July this year. Used by some of the largest equity broker dealers, the interoperable solution matches and clears OTC equity trades at the preferred clearing house. Traiana said it already has a number of major equity broker dealers using Harmony, including Credit Suisse, Deutsche Bank, Instinet and JP Morgan. Harmony ClientLink is a comprehensive solution for banks to service institutional clients and the buy-side to manage post-trade processes with banks, agency desks, prime brokers, and ECNs to reduce operational risk and costs in FX. Harmony CCP Connect for Equities – the Traiana solution that automates the central clearing of OTC equity trades – was launched in October 2014. EquityClear offers members clearing of OTC equity trades from the Traiana Harmony CCP Connect for Equities service, a trade matching service for OTC business. We have always reported trades.”, “For us, the additional part surrounding transparency of Central Counterparty Clearing Houses (CCPs) activites is still a little unclear. Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform. The banks signed agreements with Traiana to use the service in March, Leading interdealer FX brokers Thomson Reuters and EBS signed agreements to use Traiana Harmony CCP Connect earlier this month, Rand recovers despite low confidence in South Africa reform, FX analysts grapple with euro outlook as Covid cases rise, Little hope of swift change in Turkey's FX policies, Regional banks to look for white-label FX in pandemic, Modern Slavery Act Transparency Statement. With this service, the Harmony CCP Connect intends to provide a comprehensive workflow solution via the Harmony network which can be used for both interdealer and client clearing, including CCP connectivity, trade routing, affirmation, matching, … Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that the first interdealer non deliverable forward (NDF) trade has been delivered to LCH.Clearnet Ltd’s (LCH.Clearnet) ForexClear service through the recently established link with Traiana’s Harmony CCP Connect.The trade was a USD/KRW NDF with HSBC as one of the trading parties. And Steve Ramsden, RBS global head FX prime brokerage and CCP clearing, adds that connecting to Traiana means clients trading OTC currencies products can “immediately reach the key clearing houses, trading venues, post-trade platforms and market participants”. Traiana, leading provider of post-trade solutions, announced today that it is certified to provide real-time connectivity to IntercontinentalExchange (NYSE: ICE), a leading operator of global over-the-counter (OTC) markets, clearing houses and regulated futures exchanges. The trade in question was a USD/KRW NDF with HSBC as one of the trading parties. Jacqueline Liau, HSBC global head of product and services for FX prime, says HSBC’s use of the Traiana services means clients can rest safe in the knowledge their FX trades will be in compliance with new regulations globally. Harmony CCP connect provides extensive connectivity to the contact points by harmony network, including routing, trade confirmation, matching, distribution, and reporting for centrally cleared OTC foreign exchange (FX) options and non-slutprodukt forward (NDFs). Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform. This direct connectivity gives HSBC, and the industry, an efficient and flexible way to quickly adapt to changing regulations.”, Mr. Wells added that “the swift take up of our link with Traiana is testament to the strong demand from the market for solutions to regulatory requirements.”, Traiana’s CEO Andrew Coyne concluded today’s corporate statements on the delivery of a successful trade to the effect that the company is “pleased to announce that trades are being successfully matched on CCP Connect and delivered to LCH.Clearnet for clearing.”, “Traiana built direct connectivity to LCH.Clearnet’s ForexClear at the specific request of our client base, so we’re very excited at how quickly the service has been adopted.”, Finance Magnates is a global B2B provider of multi-asset trading news, research and events Of clearing houses registered to clear OTC FX trades of a new CCP earlier... Will also help the banks using it to manage the increasing array of houses. 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Lg Dle7100w Drum Light, Metal Steel Cabinet, Best Time To Drink Ginger Water, How Do I Change The Font On My Computer, Whirlpool Microwave Light Bulb, Marcos Lopez De Prado Age, Farmingdale State College Tuition Per Year, Sarah Williams Labyrinth, Louisiana Sheepshead Size Limit,

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