Traiana Announces Certification with ICE for OTC FX Clearing
02 April 2012
New York/London, 2 April 2012 – 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. The addition of ICE to Traiana Harmony CCP Connect now gives prime brokers, executing banks and buy-side firms access to every clearing house which has announced support for clearing of foreign exchange (FX) derivatives.
Harmony CCP Connect provides a comprehensive workflow solution for client clearing via the Harmony network, including CCP connectivity, trade routing, affirmation, matching, allocation, and reporting for centrally cleared OTC FX options and non-deliverable forwards (NDFs). With a single connection, Harmony CCP Connect can provide access to all CCPs, lowering costs and complexity for market participants. Harmony CCP Connect also provides a gateway to other leading FX infrastructure operators, ensuring clients can use their preferred trading, allocation and confirmation venues. The solution supports all proposed US and European clearing rules and workflows, simplifying compliance for FX clearing firms and their clients.
Gil Mandelzis, CEO, Traiana, said, “ICE is an important partner for Traiana and our customers. Adding ICE to the Harmony Network further extends our reach, lowering the costs and barriers to comply with the new regulations in FX.”
Tom Farley, President, ICE Futures U.S., said, “As a leader in workflow solutions, Traiana is working closely with us to deliver client clearing capability for the FX market to the prime brokerage firms and their clients. By extending our OTC clearing expertise into a third asset class, we are supporting our respective customers' ability to meet financial reform requirements. And by linking to Traiana Harmony we will be able to extend our clearing services more flexibly, rapidly and at lower cost to the global FX market.”
About Traiana Inc.
Traiana Inc. (www.traiana.com) provides global banks, broker/dealers, buy-side firms and e-trading platforms with solutions to automate post-trade processing of financial transactions. Traiana's post-trade solutions and the Harmony Network are used by over 500 of the world's leading financial market participants and have become the market standard for post-trade processing of foreign exchange, exchange traded derivatives, cash equities, and CFD equity swap transactions. Traiana, an ICAP company, is headquartered in New York City with offices in London, Chicago, Tel Aviv and Tokyo.
About IntercontinentalExchange (NYSE: ICE)
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see www.theice.com/terms
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