Firm links to clearers for OTC trading in forex derivatives

03/22/2011 | Wall Street Journal, The

Traiana, a processing firm for currency trades, launched a service to link banks with clearing venues for foreign exchange derivatives trades. "The addition of central clearing in these foreign instruments means that the complexity of trading and processing for clients will increase significantly and as such the role of the prime broker becomes even more important," said Gil Mandelzis, CEO of Traiana. The service is part of a shift, prompted by regulation, in the over-the-counter derivatives market.

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