Traiana packs and parcels first inter-dealer trade
29 July 2013 New York
Image: Shutterstock
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.
The trade was a US dollar/South Korean won NDF, and HSBC was one of the trading parties.
Andrew Coyne, CEO of Traiana, said: “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.”
Jacqueline Liau, global head of product and service for FX prime at HSBC, said: "This direct connectivity gives HSBC, and the industry, an efficient and flexible way to quickly adapt to changing regulations.”
Traiana’s Harmony CCP Connect provides central counterparty connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
The trade was a US dollar/South Korean won NDF, and HSBC was one of the trading parties.
Andrew Coyne, CEO of Traiana, said: “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.”
Jacqueline Liau, global head of product and service for FX prime at HSBC, said: "This direct connectivity gives HSBC, and the industry, an efficient and flexible way to quickly adapt to changing regulations.”
Traiana’s Harmony CCP Connect provides central counterparty connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
