In addition to helping firms better manage operational risk, there has been a growing need to provide financial intermediaries with tools to better manage counterparty risk introduced by their clients. As a prime example, a significant increase in our LimitHub volumes, which had increased 18% YTD, came from asset managers and hedge funds who were actively managing IR policy change (IRS) and the shutdown of global economies.
Traiana’s workflow services withstood the market volatility and a corresponding increase in volumes. Clients experienced great value from the stability and reliability, as well as our broad network coverage. This has meant that we helped our clients to reduce operational risk through timely trade notifications and allocation processing, as well as accurate matching and reporting of trades.
In July we launched Equity Swaps Lifecycle Management in response to the markets’ ongoing challenges around managing equity swaps post-trade workflow. The process is currently labor-intensive and manual, specifically around monthly reset periods. Our customers have faced uncertainty around settlements with delays in identifying and fixing breaks. Traiana Equity Swaps Lifecycle Management provides a single UI to interact efficiently with counterparties, to track and resolve breaks, and to achieve equity swaps affirmation.
In September, Traiana launched Periodic Payments Messaging and Matching to help the buy-side, executing brokers, PBs, and custodians to rationalize their connections and messaging formats to facilitate a time and accurate confirmation and to manage a wide range of periodic payments.
We automated bilateral FX post-trade processing in spot, forwards, swaps, NDFs, and options. In November, we started to migrate our customers currently using FXClientLink, FX Message Centre, FX CreditLink, and FX NetLink to a new micro services-based AWS-hosted architecture. This is the first step in Traiana’s consolidation of post-trade events into a contiguous end-to-end workflow.
Read original article: https://cattlemensharrison.com/traiana-innovates-across-key-categories-in-2020-trade-workflow-credit-risk-and-trade-optimization/
By: CME Group