Traiana Harmony, the network of the post-trade solution provider, has been certified by CME Group to clear OTC FX derivatives, allowing Traiana customers to clear OTC FX derivatives using the Harmony CCP Connect solution.
Harmony CCP Connect provides a comprehensive solution for OTC FX clearing, including connectivity, workflow automation, trade matching and affirmation. With a single connection to Harmony, it provides access to all CCPs, thus lowering costs and complexity for market participants. Traiana says the solution supports all proposed US and European clearing rules and workflows.
Were very grateful for the close collaboration with CME Group and the support of our customers, says Gil Mandelzis, CEO of Traiana. Linking Traiana Harmony and CME Group will reduce costs and complexity for the FX industry.
Roger Rutherford, CME Groups managing director of FX products, adds: “We continue to work closely with all market participants on providing clearing services for a variety of foreign exchange instruments. Connecting to Traiana Harmony helps us extend our clearing services more effectively to the global FX market.”
(CG)