Banks eye Traiana for EM FX netting service

Industry turns to utility as CLS's emerging markets push stalls

money1
Traiana project could reduce trading costs for EM currencies

A group of large banks have tapped Icap-owned Traiana to help streamline the settlement process for spot and derivatives trades in emerging market (EM) currencies.

The plan is to use Traiana's NetLink service for portfolio reconciliation across counterparties, so banks can make a single net payment to one another. Firms currently make hundreds of gross payments each day, driving up the cost of trading many popular EM currencies.

"There is talk between Traiana and the banks about saving a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: