Processing solutions provider Traiana has delivered the first interdealer non deliverable forward (NDF) trade to LCH.Clearnet Ltd’s (LCH.Clearnet) ForexClear service via the recently-established link with Traiana’s Harmony CCP Connect.
The trade was a US dollar/ South Korean won (USD/KRW) NDF with HSBC as one of the trading parties.
“We are pleased to announce that trades are being successfully matched on CCP Connect and delivered to LCH.Clearnet for clearing,” said Andrew Coyne, chief executive officer (CEO), Traiana. “Traiana built direct connectivity to LCH.Clearnet’s ForexClear at the specific request of our client base, so we’re very excited at how quickly the service has been adopted.”
Gavin Wells, CEO of LCH.Clearnet’s ForexClear added: “The swift take up of our link with Traiana is testament to the strong demand from the market for solutions to regulatory requirements.”
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