Traiana paves the way to client clearing with six top banks
Six of the largest foreign exchange banks are to use the clearing connectivity services of post-trade service provider Traiana to manage the workflow needed to offer client clearing for over-the-counter FX products, the vendor will announce today.
Bank of America Merrill Lynch, Citi, Deutsche Bank, JP Morgan, Morgan Stanley and UBS will all use Traiana's Harmony CCP Connect offering, which first launched in March 2011, to manage the connectivity to central counterparties (CCPs), trade routing
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