Traiana rolls out forex clearing connectivity service
Citi has become the first bank to sign up to a new connectivity service for central counterparties (CCPs) clearing over-the-counter foreign exchange derivatives. Developed by New York-based post-trade connectivity firm Traiana, the Harmony CCP Connect system is one of the first products to appear specifically for the central clearing of FX options and non-deliverable forwards (NDFs).
In addition to Citi becoming the first bank, Traiana also announced on March 16 that Chicago Mercantile Exchange
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