Traiana teams up with Eurex to provide central clearing connectivity

Traiana, a trade life-cycle and risk management solutions provider, just announced that it has provided direct central clearing connectivity to Eurex, part of Deutsche Börse Group.

This connectivity agreement is well-timed for market participants keen to use our services to consolidate their OTC clearing processes and benefit from an increase in clearing activity at Eurex,” said Steve French, Head of Connectivity and Messaging, Traiana.

Traiana’s clearing services are an essential part of the OTC clearing process and their efficient management of clearing workflows will allow our members and end clients to streamline processing IRS transactions on both a pre and post-trade basis,” commented Danny Chart, Head of Business Development, Eurex Clearing.

This partnership allows Traiana to provide venues, trading parties and clearing members with an end-to-end clearing solution for OTC interest rate swaps. By connecting Traiana’s Clearing Hub with Eurex, market participants can submit trades executed on electronic trading venues for clearing.

Clients can now benefit from Traiana’s Credit Risk Hub (LimitHub) which provides pre-trade checks for client orders placed on regulated trading venues and post-trade checks for voice executed trades; both requirements under MiFID II in Europe and Dodd-Frank in the United States.

Eurex Clearing has also recently executed its very first swap trade for US-based end clients.

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