Traiana packs and parcels first inter-dealer trade
29 July 2013 New York
Image: Shutterstock
The first interdealer non-deliverable forward (NDF) trade has been delivered to LCH.Clearnet鈥檚 ForexClear service through the recently established link with Traiana鈥檚 Harmony CCP Connect.
The trade was a US dollar/South Korean won NDF, and HSBC was one of the trading parties.
Andrew Coyne, CEO of Traiana, said: 鈥淭raiana built direct connectivity to LCH.Clearnet鈥檚 ForexClear at the specific request of our client base, so we're very excited at how quickly the service has been adopted.鈥�
Jacqueline Liau, global head of product and service for FX prime at HSBC, said: "This direct connectivity gives HSBC, and the industry, an efficient and flexible way to quickly adapt to changing regulations.鈥�
Traiana鈥檚 Harmony CCP Connect provides central counterparty connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
The trade was a US dollar/South Korean won NDF, and HSBC was one of the trading parties.
Andrew Coyne, CEO of Traiana, said: 鈥淭raiana built direct connectivity to LCH.Clearnet鈥檚 ForexClear at the specific request of our client base, so we're very excited at how quickly the service has been adopted.鈥�
Jacqueline Liau, global head of product and service for FX prime at HSBC, said: "This direct connectivity gives HSBC, and the industry, an efficient and flexible way to quickly adapt to changing regulations.鈥�
Traiana鈥檚 Harmony CCP Connect provides central counterparty connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
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