BGC's SEF Connects with Traiana CreditLink
The SEF has already handled interest-rate swap transactions using the facility. Trades on the platform can be routed to CME Clearing or LCH.Clearnet.
"We are pleased to report that BGC has successfully completed mandated pre-trade credit checks, bringing together our multiple means of compliant execution with Traiana in a seamless transaction," says Philip Norton, executive managing director and global head of e-commerce at BCG Partners.
Traiana is owned by interdealer broker Icap.
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