Banks eye Traiana for EM forex netting service

money1 — Traiana project could cut the cost of trading EM currencies

Robert Mackenzie Smith
20 Nov 2015

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

A group of large banks has tapped Icap-owned Traiana to help streamline the settlement process for spot and derivatives trades in emerging market currencies.

The plan is to use Traiana's NetLink service for portfolio reconciliation across counterparties so banks can make a single net payment to each other – firms currently make hundreds of gross payments each day, which drives up the cost of trading many popular emerging market currencies.

"There is talk between Traiana and the banks about

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.