New York / London, 31 October 2013 – Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has added the support of a further seven futures commissions merchants (FCMs) to its CreditLink service ahead of the November 1 regulatory deadline for pre-trade screening of trades conducted on Swap Execution Facilities (SEFs). These include BNP Paribas, BNY Mellon, Deutsche Bank, RBS, UBS and Wells Fargo as well as other globally recognized clearing firms. These FCMs are in addition to Barclays, BofA Merrill Lynch, Citi, Goldman Sachs and J.P. Morgan, who were all previously announced. Traiana now has a total of 15 FCMs supporting CreditLink, a significant proportion of the market.
At a recent summit on synthetic finance, Laura Craft, co-chair of the FIX Trading Community Global Post-Trade Working Group and director of product strategy at Traiana, moderated a panel discussion which focussed on the role of post-trade in equity swaps. The panel was comprised of HSBC’s Dominic Amura, JP Morgan’s Stuart Neale and TT International’s Ian Lloyd, who all outlined the progress that has already been made in the post-trade processing arena under the impact of changing post-trade regulatory and business requirements, while still pointing out the remaining challenges.
New York – Thursday September 26, 2013 – Traiana and MarketAxess SEF Corporation today announce the completion of the first live credit default swap (CDS) index trade using Traiana’s CreditLink service as the credit hub to verify pre-trade credit limits. JP Morgan acted as the clearing member for the major buy-side participant on the trade.