Trax, Traiana Create Alliance to Offer Repo Matching Service
Two firms look to improve post-trade efficiency.
Through the partnership, clients on the buy and sell side of Trax and Traiana can confirm and match repo transactions with each other. This will create an expanded community of users and matching counterparties, all executed through an automated electronic service operated by Trax.
This automated service will use Trax's current repo matching technology and Trax and Traiana's exception management cross-asset portals to centrally match each submitted repo transaction.
Camille McKelvey, product
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