Trade processing

Access a post-trade community of thousands of counterparties, all on one network.

Post-trade workflow management that reduces costs and risk

Traiana’s suite of interoperable post-trade processing services allow buy- and sell-side firms to realize operational efficiencies and reduce trade costs by consolidating processing touch points when executing on a tri-party or bi-lateral basis for both OTC and listed instruments. Gain efficiency through reduced errors, real-time processing or perform tri-party or bilateral matching. Access major asset classes, including CDS, cash equities, Equity swaps, ETD, fixed income, FX, Interest Rate swaps and Repos.

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Trade clearing connectivity

Our trade clearing solution supports messaging and workflows required by all clearing participants. Get messaging and field transformation, file normalization and routing to clearing members or CCPs based on explicit direction or static/dynamic parameters. Our interoperability with third-party affirmation/allocation services further adds more efficiency to the process.

Use With

Credit risk management

Define, monitor, amend and terminate credit agreements from one interface.

Features and benefits

Trade notifications/STP

Book trades accurately by receiving trade notifications from trading counterparties/trading venues.

Give-up messaging

Efficiently and reliably give up trades across all prime and clearing broker relationships through a single connection.

Allocation and confirmation matching

Automate manual spreadsheet processes through allocation templates and complex matching schemas combined with extensive trade status monitoring.

CCP connectivity

Clear all counterparty trades/funds or a subset by extending existing allocation/confirmation matching service capabilities.

An integrated post-trade workflow

Our trade processing services enable the post-trade lifecycle, so it’s fully automated from end to end.

Prime and/or clearing brokers receive execution notifications with allocations. Client-to-executing broker bilateral allocation messaging and client-to-clearing broker tri-party allocation of fills and pricing are supported.

Buy-side businesses receive execution notifications with allocations. Client-to-executing broker bilateral allocation messaging is available, and client-to-clearing broker tri-party allocation of fills and pricing is supported. Additional features include broker/prime broker to client funds confirmation messaging and matching, as well as delivery of client trade and/or payment notification to the account custodian.

Executing brokers receive execution notifications with allocations. We support client-to-executing broker bilateral allocation messaging and client-to-clearing broker tri-party allocation of fills and pricing. Delivery of client trade and/or payment notification to the account custodian is available.

Trading venues receive execution notifications with allocations. Client-to-executing broker bilateral allocation messaging is available. Client-to-clearing broker tri-party allocation of fills and pricing is supported.

How it works

1

Trade execution notification

Participants are notified that a trade has been executed on a venue connected to our system. Execution messages are normalized and delivered from publisher and subscriber (from executing broker or platform to clients).

2

Allocation calculations

Client enters allocation instructions to the executing broker and/or clearing broker. Performs matching against counterparty trades and computes splits for average price and best fit.

3

Messaging and matching

Consumes, normalizes and delivers messages between trade participants. Supports the key trade configurations in current use: executing broker to prime broker/clearing broker, client to prime broker/clearing broker, broker to broker and reverse give-ups.

4

Confirmations and custodian messaging

Execute broker/prime broker to client fund confirmation messaging and supported matching. Account custodian receives client trade and/or payment notification.

Integrate and extend with innovative services

Explore our comprehensive range of related, intuitive, web-based services.

A single user interface that improves the front-to-back processes between market participants.
 

A comprehensive, multi-party, net-trade settlement network service that brings together market participants for efficient payment staging.

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