Traiana to Provide Pre-Trade Credit Checks to Buy-Side Firms Trading on SEFs
The new version of CreditLink will allow buy-side market participants trading on swap execution facilities (SEFs) to manage the allocations process for bunched orders, receive real-time notifications of SEF orders and executions, and allows them to monitor margin requirements and limits across the entire trade lifecycle.
"Buy-side market participants trading on SEFs have pre- and post-trade requirements that impact not only their trading teams, but also their compliance and risk management processes," says Nick Solinger, Traiana's head of product strategy. "Extending our services to the buy side provides greater visibility and flexibility, which supports the ongoing development of a smoothly functioning market in a new regulatory environment."
According to the vendor, over 600 buy-side client organizations have managed their pre-trade clearing certainty using CreditLink, and over 72,000 accounts from both buy-side and over-the-counter (OTC) clearing futures commission merchants (FCMs) have connected to CreditLink.
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 info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
Natixis refines in-house interoperability model
The French asset manager has refined its canonical data model over the last decade, as the interoperability movement continues to evolve.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
IEX Cloud closure forces fintech clients to seek data alternatives
IEX says it is ditching its unprofitable data arm to focus on its core exchange business, but other vendors believe they can turn a profit from its former client base of fintechs, retail investors and some institutions.
This week: Nasdaq/IDX, IMC/Cboe, S&P, and more
A summary of the latest financial technology news.
The IMD Wrap: Déjà vu as exchange data industry weighs its options
Max highlights some of WatersTechnology’s recent reporting on data costs and capacity issues facing the options industry, and asks, haven’t we seen this before somewhere?
Most read
- IEX Cloud closure forces fintech clients to seek data alternatives
- Zeros and ones: Industry contemplates T+0 as the next step
- Natixis refines in-house interoperability model