The integrated solution will provide Traiana Harmony-connected executing brokers and equity swap counterparties with real-time connectivity to LCH.Clearnet’s equity clearing service.
By streamlining post-trade processes in the fast growing CFD marketplace, additional growth opportunities will be unlocked for all market participants, claims Traiana.
Traiana Harmony CFD post-trade network automates the entire CFD equity swap lifecycle including trade give-ups, client-to-broker allocations, client-to-bank swap confirmation processes, and now OTC equity clearing.
According to Traiana, with the integration of LCH.Clearnet, equity trades which were traditionally settled bilaterally between brokers and swaps counterparties can now be submitted to the clearing house to eliminate counterparty risk and provide greater efficiencies.
Roy Saadon, co-founder and general manager of Harmony, Traiana, said Traiana is working in close partnership with market participants to introduce innovative solutions that will unlock further growth and new business models for the benefits of the community.
"We’re excited to partner with LCH.Clearnet to act as the conduit for bringing their innovative clearing solutions to the market," Saadon said.
