EBS CEO Gil Mandelzis, who co-founded Traiana, adds that CCP Connect is the most versatile clearing house connectivity system for EBS. 29/07/2013 - 11:07am. Traiana CEO Andrew Coyne says the CCP Connect service is committed to working with all FX market participants to ensure they have the ability to adapt to evolving global regulations. 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. 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 post-trade and risk solutions, announces today the launch of Harmony CCP Connect for Equities and the successful completion of its first trade. Traiana sourced trades also enjoy a later netting cycle cut off of 18:30 rather than the overall market's 17:30, increasing the time available for successful netting and subsequent cost and efficiency savings. Introduction. With a single connection, Traiana’s Harmony CCP Connect now provides direct access to all CCPs, reducing lead times and complexity for market participants. Post-trade solution provider Traiana has launched a swap data repository service called Harmony TR Connect for over-the-counter (OTC) derivatives, which helps market participants to comply with the trade reporting requirements of Dodd-Frank and the EU's European Market Infrastructure Regulation (EMIR). EquityClear offers members clearing of OTC equity trades from the Traiana Harmony CCP Connect for Equities service, a trade matching service for OTC business. The Year in Review for FintechGo to article >>, Mr. Wells explained that “there are some changes to how we report. Traiana Harmony . Clearly, this is a factor which the multinational financial institution has borne in mind and subsequently is proceding with caution in being a pioneer of delivering trades via the Traiana and LCH.Clearnet. This field is for validation purposes and should be left unchanged. During the same panel discussion in London, Jaqueline Liau, FX Prime & Global Head of Product and Service at HSBC commenced explained to Forex Magnates that from her perspective there remains a degree of ambiguity in the marketplace as to which parties are expected to conduct the reporting: “There is plenty of confusion in the market from both buy and sell-side, and it is unclear as to who reports what trade information, and who has to carry out the reporting” said Ms. Liau. Traiana will be the first external matching provider to offer access to the new service, which is available to all Harmony CCP Connect participants, the firm’s global network that processes Forex, equities, equity derivatives, fixed income and exchange traded derivatives. Traiana. HONG KONG, LONDON and NEW YORK, Jan. 23, 2019 /PRNewswire/ -- Traiana, a leading infrastructure service which provides trade life-cycle and risk management solutions, today announced that it has provided direct central clearing connectivity to the Hong Kong Exchanges (HKEXs) and Clearing's OTC Clearing Hong Kong (OTC Clear).. Market participants can now access HKEXs OTC Clear service to … November marked the one-year anniversary of the launch of CCP Connect, Traiana’s central clearing solution. Traiana, the leading provider of post-trade and risk solutions, announces today the launch of Harmony CCP Connect for Equities and the successful completion of its first trade. This solution will allow for connectivity and matching between executing banks, prime brokers, execution platforms and CCPs for OTC foreign exchange (FX) trades. With a single connection, Traiana’s Harmony CCP Connect now provides direct access to all CCPs, reducing lead times and complexity for market participants. 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. And the connectivity provides counterparties with an additional degree of confirmation and verification of each trade by notifying them when the trade is sent to the clearing house through Traiana’s systems. BNP, HSBC, RBS sweeten Traiana’s Harmony CCP Connect offering September 27, 2012 BNP Paribas, HSBC and RBS have begun using Traiana’s client clearing solution Harmony CCP Connect to reduce client over-the-counter (OTC) FX trading costs. Speaking about the initial stages of the nature of the ruling and the reaction to it, Ms. Liau said “Plenty of people were suspicious about what data was reported.”. HKEx Reports Solid Performance for RMB Derivatives, SGX Lists Domestic Bonds of China Development Bank, Moscow Exchange Reports Stable FX Volumes for November 2020, Working In Harmony: Traiana’s CCP Connect Link Processes First NDF Trade To LCH.Clearnet. Pre and post-trade processing solution company Traiana has today announced that it is now able to match and affirm FX derivative client trades with LCH.Clearnet Ltd’s (LCH.Clearnet) ForexClear service via its Harmony CCP Connect cross-institution network that connects PBs, EBs and buy-side clients. “This will reduce the risk and complexity associated with implementing OTC clearing in the timelines required by regulations,” says Ramsden. London/New York, 20 February 2015 – Traiana, the leading provider of pre trade risk and post trade processing solutions, announces today that its CCP Connect for Equities service has won Markets Media’s Best New Clearing Product award at the annual Market Choice Awards on 19 February 2015. Traiana said it already has a number of major equity broker dealers using Harmony, including Credit Suisse, Deutsche Bank, Instinet and JP Morgan. Six of the largest foreign exchange dealers have signed up to use Traiana’s client clearing service for the submission of FX derivatives trades to multiple central counterparties. BofA Merrill Lynch, Citi, Deutsche Bank, JPMorgan, Morgan Stanley and UBS will use Traiana's Harmony CCP Connect to manage their connectivity and workflow for … 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. Harmony CCP Connect also provides a gateway to other leading foreign exchange infrastructure operators, ensuring participants can use their preferred trading, allocation and confirmation venues with complete interoperability. The trade was a US dollar / South Korean won (USD/KRW) NDF with HSBC as one of the trading parties. 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. In a sign that banks are preparing themselves for big regulatory changes, Citi has become the first customer of Traiana’s post-trade central counterparty (CCP) connectivity service for the clearing of foreign exchange derivatives. 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, 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. Processing solutions provider Traiana has delivered the first interdealer non deliverable forward (NDF) trade to LCH.Clearnet Ltd’s (LCH.Clearnet) ForexClear service via the recently-established link with Traiana’s Harmony CCP Connect. 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. Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces it will provide connectivity to four trade repositories (CME, DTCC, Regis-TR, UnaVista) at the time of the EMIR deadline through its Harmony TR Connect trade reporting service.Support for additional trade repositories will be added after the European Securities and Markets Authority (ESMA) go-live date. Please open the email we sent you and click on the link to verify your account. with special focus on electronic trading, banking, and investing.Copyright © 2020 "Finance Magnates Ltd." All rights reserved. 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 Traiana’s suite of interoperable post-trade processing services allow buy- and sell-side firms to realize operational efficiencies and reduce trade costs by consolidating processing touch points when executing on a tri-party or bi-lateral basis for both OTC and listed instruments. BofA Merrill Lynch, Citi, Deutsche Bank, JPMorgan, Morgan Stanley and UBS will use Traiana's Harmony CCP Connect to manage their connectivity and workflow for … 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. Using Traiana's Harmony CCP Connect service, participating banks acting as executing brokers and/or prime brokers can match and clear OTC equity trades at their preferred clearing house. New York/London, 8 June 2016 - 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... | November 8, 2020 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! Terms, Cookies and Privacy Notice. First trade delivered through Traiana’s Harmony CCP Connect link to LCH.Clearnet. Thank you for registering to Finance Magnates. Harmony CCP Connect for Equities – the Traiana solution that automates the central clearing of OTC equity trades – was launched in October 2014. transactions to CCP clearing. The material on this site is for financial institutions, professional investors and their professional advisers. “We are pleased to announce that trades […] Please check your inbox for our authentication email. We do not store your information and we do not disclose our sources. The banks are: Citigroup Inc., Bank of America Merrill Lynch, Deutsche Bank AG, JP Morgan Chase & Co., Morgan Stanley and UBS AG. 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. The first interdealer non deliverable forward (NDF) trade has been delivered to LCH.Clearnet’s ForexClear service through the recently established link with Traiana’s Harmony CCP Connect. Credit risk management Mitigate pre- and post-trade credit risk through documentation management, limit monitoring, client termination and re … The decision by the two leading interdealer FX brokers effectively means that the companies are one step closer to becoming designated as swaps execution facilities … Today marks a development milestone in terms of the complex systems which are now required in order to process the clearing of OTC derivatives and ensure that they are in line with the equally complex regulatory conditions with which such activities now must comply. 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… Post-trade processing specialist Traiana has added three further clearing firms to its initiative to automate processing of over-the-counter (OTC) foreign exchange (FX) derivatives with clearing houses. 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”. In June this year, Traiana connected the system to LCH.Clearnet’s FX clearing service ForexClear for the purposes of NDF clearing, resulting in its final technical advancement before going live. Traiana is not responsible for the privacy policies or practices of such other websites and Traiana encourages you to review the privacy policies, if any, on such websites. Best New Clearing Product – Traiana Harmony CCP Connect for Equities. 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). This is "Traiana - ETD ClientLink Overview - Chapter 1 - Traiana for ETDs" by ditto.tv on Vimeo, the home for high quality videos and the people who love… It is seen as a solution for reducing client costs associated with complying with new FX derivatives regulations. Leading interdealer FX brokers Thomson Reuters and EBS signed agreements to use Traiana Harmony CCP Connect earlier this month. We will send instructions to reset Leading interdealer FX brokers Thomson Reuters and EBS signed agreements to use Traiana Harmony CCP Connect earlier this month. Traiana’s Harmony CCP Connect is a network tool designed to make interdealer and client clearing easier by linking up CCP connectivity, trade routing, affirmation, matching, allocation and reporting for OTC foreign exchange options and NDFs. A potentially prudent means of operating given that this is a bank with a wealth of experience. ... CCP Connectivity. Traiana, leading provider of post-trade solutions, announced today that six of the largest foreign exchange (FX) clearers have chosen Traiana’s comprehensive client clearing solution, Harmony CCP Connect, to manage the connectivity and workflow required … 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. Do let us know and we'd be happy to check ourselves and fix if necessary. In March of 2012, six major banks signed up to Traiana's clearing network, known as Harmony CCP Connect, to manage the connectivity and workflow required to clear over-the-counter FX derivatives. Citigroup is the first customer to sign up for Traiana’s new service. The trade in question was a 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. Welcome to Traiana Harmony. “As the FX industry continues to work together to implement US and European regulatory reform, we are excited to add [BNP, HSBC and RBS] to our OTC clearing initiative,” says Coyne. In September last year, Traiana brought on board a series of international banks which confirmed their respective intention to use the Harmony CCP Connect product, which is an enterprise system designed to provide end-to-end client clearing to institutional participants. 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. 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. 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. Credit Suisse, JP Morgan and Instinet have signed up to use a new service from Traiana to clear OTC equity trades. Used by some of the largest equity broker dealers, the interoperable solution matches and clears OTC equity trades at the preferred clearing house. Its functionality encompasses CCP connectivity, trade routing, affirmation, matching, allocation, and reporting for centrally cleared OTC FX options and non-deliverable forwards (NDFs). Traiana Harmony . The cookie itself does not contain personal information, although it will enable the Site to relate your use of the Site to information that … The three banks join Bank of America Merrill Lynch, Citi, Deutsche Bank, JPMorgan, Morgan Stanley and UBS in using the CCP Connect service to manage workflow required to clear OTC FX derivatives. Used by some of the largest equity broker dealers, the interoperable solution matches and clears OTC equity trades at the preferred clearing house. In January of 2013, ICAP sold a 12 percent stake in Traiana to seven of its biggest customers: Bank of A… Traiana has delivered the first interdealer non deliverable forward (NDF) trade to LCH.Clearnet’s ForexClear service, via the recently-established link with Traiana’s Harmony CCP Connect. Traiana, a trading services company, has obtained certification to provide real-time connectivity to the IntercontinentalExchange (ICE). Traiana has delivered the first interdealer non deliverable forward (NDF) trade to LCH.Clearnet’s ForexClear service, via the recently-established link with Traiana’s Harmony CCP Connect. Initially, this will mean helping to clear non-deliverable forwards. Processing solutions provider Traiana has delivered the first interdealer non deliverable forward (NDF) trade to LCH.Clearnet Ltd’s (LCH.Clearnet) ForexClear service via the recently-established link with Traiana’s Harmony CCP Connect. “By connecting to Harmony CCP Connect, our clients will have seamless access to the FX clearing organizations, and the ability to better manage their bilateral exposures and their counterparty risk,” says Singh. Connect link to verify your account customer to sign up for Traiana ’ s new service Traiana! 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