EBS, Thomson Reuters to use Traiana for OTC connectivity
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EBS, Thomson Reuters to use Traiana for OTC connectivity 13 September 2012New York and London Reporter: Georgina Lavers
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Post-trade solutions provider Traiana has been chosen by EBS and Thomson Reuters for connectivity to over-the counter client clearing firms and central counterparties.
“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,” said a statement from the firm.
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.”
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