CME’s Traiana enhances its Credit Risk Hub tool

CME's Traiana enhances its Credit Risk Hub tool

Traiana (a CME company) has announced that it is enhancing its Credit Risk Hub tool, which provides FX prime brokers with solutions for Tri-Party Agreements and credit management.

Traiana enables the sell-side to automate cross-asset risk management and pre/post trade processing.

The enhanced offering means that brokers will now be able to document Tri-Party trade information in more granular detail, providing greater control to prevent over-allocation of risk to clients and in turn provide clients with increased market access and more efficient execution.

The enhancements to our Credit Risk Hub build on our world leading franchise and allow us to act as a central hub for the calculation, distribution and enforcement of credit lines across prime brokers, executing brokers and their end clients,” commented Andres Choussy, CEO of Traiana.

Citi is focused on giving clients enhanced trading flexibility, while prudently managing our credit exposure. Credit Risk Hub’s new enhancements are a key complement to Citi FX PB’s suite of risk management controls and facilitate increased market access for our clients,” said Mariam Rafi, Managing Director, Americas Head of OTC Clearing, Citigroup.

Control over credit risk is a key concern for us and our clients. Working with Traiana’s enhanced tools, we are able to provide added controls coupled with increased credit, tenor and product scope. This enables more efficient execution of clients’ trading strategies while also strengthening our risk management as an intermediary,” concluded Leah Mallas, Global Head of FXPB and FX Clearing, J.P. Morgan.

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