27 February 2017
London
Reporter: Drew Nicol
Traiana enhances swaps offering
Traiana has launched a new suite of services to allow swaps providers to electronically manage payments and confirmations in equity swaps.

The suite, known as the Swaps Centre, will offer users the ability to send confirmations and upload payment instructions in normalised formats to their entire client base for total return swaps.

The new service will be available via Traiana’s harmony network and clients can access a user interface for both confirmations and payment notifications.

Traiana, a NEX Group subsidiary that monitors pre-trade risk and automates post-trade processing, promises that the interface will allow users to view confirmations across their swap providers, accept them electronically, and view the original documentation online.

For banks, the service will also help them to meet regulatory requirements to provide an efficient tool for multi-client confirmations.

The services is only available only for short-form total return swaps with underlying assets of equities, fixed income, American depository receipts or global depository receipts.

Sectors, indices and custom baskets are also accepted, while other asset classes are expected to be added in the future.

Laura Craft, director of securities strategy at Traiana, said: “These new services will help firms to improve operational efficiency and reduce the frequency of profit and loss breaks as a result of inaccuracies and discrepancies.”

“As the process is electronic, and enables normalised data sets, this can also be done much more quickly—daily rather than monthly—which has additional financial and operational efficiency advantages and ensures a greater degree of certainty in the T+1 and beyond reconciliation process via a dynamic and flexible online tool.”

More swaps news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
OneChicago expands futures products
05 July 2017 | Chicago | Reporter: Drew Nicol
The new No Dividend Risk Friday Futures will be available from 24 July 2017
French elections revive European markets
03 May 2017 | Frankfurt | Reporter: Drew Nicol
The first round of the French election prompted rallies in Europe’s beleaguered equities markets, while fixed income also saw sharp corrections, according to Eurex
Eurex secures KfW as IRS clearing client
05 April 2017 | Frankfurt | Reporter: Drew Nicol
German government-owned investment bank KfW has looked to Eurex Clearing for IRS clearing services
Traiana enhances swaps offering
27 February 2017 | London | Reporter: Drew Nicol
Traiana has launched a new suite of services to allow swaps providers to electronically manage payments and confirmations in equity swaps
BrokerTec eyes up e-MID purchase
27 January 2017 | London | Reporter: Drew Nicol
BrokerTec is on track to acquire a controlling majority stake in e-MID SIM, the first Italian electronic central limit order book platform for inter-bank deposits and overnight indexed swaps...
CME boasts record-breaking peso IRS activity
19 January 2017 | Chicago | Reporter: Drew Nicol
Derivatives marketplace CME Group achieved a record-breaking January trading day by clearing more than MXN 1 trillion (USD 45.53 billion) interest rate swaps in a single session...
Deutsche Asset Management expands lending activity
16 January 2017 | Luxembourg | Reporter: Drew Nicol
Deutsche Asset Management is expanding its securities lending activity through its sub-funds as part of a significant overhaul of its investment strategy...