
Banks eye Traiana for EM FX netting service
Industry turns to utility as CLS's emerging markets push stalls

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
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