Traiana, a provider of pre-trade risk and post-trade processing solutions, has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform according to a statement issued today. The addition of the new banks serves to create further cumulative benefits for the market resulting from increased volumes through the platform.
Harmony CCP Connect plays an important role in reducing counterparty risk and increasing transparency.
Traiana has indicated that overall savings in the equities market could reach $30 million per year. This is the result of a combination of effects including reduced volume of trades requiring bilateral settlement, reduced ... (read more)