Tuesday January 14 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Traiana has announced the launch of a new service to reconcile client reference data ahead of the introduction of mandatory electronic trading of swaps on swap execution facilities (SEFs). The new service, using technology provided by Duco, reconciles reference data from disparate sources provided by CCPs, SEFs, futures commission merchants (FCMs), buy-side firms and swap data repositories.
The service will allow Traiana to help its customers to reconcile significant volumes of data and ensures that clients are not prevented from trading by clerical errors or mismatches in static data regarding accounts, limits or SEF trading identifiers before the regulations come into force in mid-February. The service is currently being rolled out to all Harmony CreditLink and CCP Connect customers for rates and CDS.
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