LONDON and NEW
YORK, May
9, 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 Eurex.
The connectivity allows Traiana to provide venues, trading
parties and clearing members with an end-to-end clearing solution
for OTC interest rate swaps. By connecting Traiana's Clearing Hub
with Eurex, market participants can submit trades executed on
electronic trading venues for clearing. They also benefit from
Traiana's Credit Risk Hub (LimitHub) which provides pre-trade
checks for client orders placed on regulated trading venues and
post-trade checks for voice executed trades; both requirements
under MiFID II in Europe and
Dodd-Frank in the United
States.
Traiana's direct central clearing connectivity with Eurex
assists clearing members managing client limits with their
post-trade workflows and supports clients who allocate on a
post-trade basis using a standby broker with "Bunched Orders".
The connectivity reflects the increased demand from market
participants for access to Eurex Clearing OTC IRD clearing
services.
"This connectivity agreement is well-timed for market
participants keen to use our services to consolidate their OTC
clearing processes and benefit from an increase in clearing
activity at Eurex," said Steve
French, Head of Connectivity and Messaging, Traiana.
"Traiana's clearing services are an essential part of the OTC
clearing process and their efficient management of clearing
workflows will allow our members and end clients to streamline
processing IRS transactions on both a pre and post-trade basis,"
said Danny Chart, Head of Business
Development, Eurex Clearing.
Traiana is a part of CME Group. As the world's leading and
most diverse derivatives marketplace, CME Group (www.cmegroup.com)
enables clients to trade futures, options, cash and OTC markets,
optimize portfolios, and analyze data – empowering market
participants worldwide to efficiently manage risk and capture
opportunities. CME Group exchanges offer the widest range of
global benchmark products across all major asset classes based on
interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. The company offers futures
and options on futures trading through the CME Globex® platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the property
of their respective owners.
Eurex Clearing is one of the leading central counterparties
globally — assuring the safety and integrity of markets while
providing innovation in risk management, clearing technology and
client asset protection. Eurex Clearing serves about 200 Clearing
Members in 20 countries, managing a collateral pool of EUR 49 billion and clearing trades valued at
EUR 23 trillion (double counted)
every month.
CME-G