Traiana Harmony is the largest CFD post-trade network in the world, and is used by over 60 executing brokers, twelve of the worldâs largest equity swap counterparties, and a growing group of buy-side firms. Harmony automates the entire CFD equity swap lifecycle including trade give-ups, client-to-broker allocations, client-to-bank swap confirmation processes, and now OTC equity clearing. With the integration of LCH.Clearnet, equity trades which were traditionally settled bilaterally between brokers and swaps counterparties can now be easily submitted to the clearing house to eliminate counterparty risk and provide greater efficiencies.
âLCH.Clearnet has more than a decadeâs experience in clearing equities and OTC transactions and was the first clearing house in Europe to offer a clearing service for CFDsâ, said Wayne Eagle, Executive Director of EquityClear at LCH.Clearnet. âWe welcome this opportunity which underscores our dedication to add value and security to the market and are delighted to be working with Traiana to bring significant benefits to CFD market participants.â
Roy Saadon, Co-Founder and General Manager of Harmony, Traiana, said: âHarmony Equities for CFD equity swaps is live with most of the sell-side and a fast growing number of buy-side firms, automating the entire STP cycle. Traiana is working in close partnership with market participants to introduce innovative solutions that will unlock further growth and new business models for the benefits of the community. Weâre excited to partner with LCH.Clearnet to act as the conduit for bringing their innovative clearing solutions to the marketâ.