Traiana, a pre-trade risk and post-trade processing solutions provider, has launched an enhanced version of its CreditLink software, which adds new functionality for buy-side market participants trading on swap execution facilities (SEFs).
The new version includes services to streamline post-trade processing of SEF trades, manage the allocations process for bunched orders, and it can monitor limits across the entire trade lifecycle.
Traina says it is also currently producing new features for pre-trade credit checking including the following: real-time notifications of SEF orders and executions; what-if checking for new trades and allocations to ensure planned trading activities are within clearing limits; bunched-order allocations with integration to leading clearinghouses across interest rate swaps (IRS) and credit default swaps (CDS); and automated notifications, alerts and reports to help firms manage their margin requirements and limits with their futures commissions merchants (FCMs)
“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. 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,” says Nick Solinger, Traiana’s head of product strategy and chief marketing officer.
Traiana Adds Pre- and Post-Trade Functionality for Buy-Side Using SEFs
Traiana, a pre-trade risk and post-trade processing solutions provider, has launched an enhanced version of its CreditLink software, which adds new functionality for buy-side market participants trading on swap execution facilities (SEFs).
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