Traiana gets ICE certification for OTC FX clearing
Traiana, a trading services company, has obtained certification to provide real-time connectivity to the IntercontinentalExchange (ICE).
The certification means that Traiana’s Harmony CCP Connect solution now gives prime brokers, executing banks and buy-side firms access to every clearing house which has announced support for clearing of foreign exchange (FX) derivatives.
Gil Mandelzis, CEO, Traiana, said: “ICE is an important partner for Traiana and our customers. Adding ICE to the Harmony Network further extends our reach, lowering the costs and barriers to comply with the new regulations in FX.”
Tom Farley, president, ICE Futures US, said: “As a leader in workflow solutions, Traiana is working closely with us to deliver client clearing capability for the FX market to the prime brokerage firms and their clients. By extending our OTC clearing expertise into a third asset class, we are supporting our respective customers’ ability to meet financial reform requirements. And by linking to Traiana Harmony we will be able to extend our clearing services more flexibly, rapidly and at lower cost to the global FX market.”