Credit Solution Enhanced to Provide Real-Time Risk Monitoring for FX Trading
Today Traiana, leading provider of post-trade solutions, announced that it has gone live with an enhanced Harmony CreditLink solution, including comprehensive processing capability and risk analytics across all FX trading models, including high frequency and retail trading. Deutsche Bank is the first customer to go live on the solution.
The enhanced solution builds on Harmony’s proven tri-party limit utilization and credit monitoring capability for FX spot, forwards and options, and meets the need for scalability and transparency. Harmony CreditLink offers lower latency, increased capacity, an enhanced dynamic monitoring dashboard and intelligent risk identification algorithms which identify duplicate trades or unreported trades using proprietary pattern recognition. The solution complements the banks’ existing risk tools to ensure that all counterparties have real-time monitoring across execution venues and credit relationships, with assurance that risks and positions are up-to-date.
Nick Solinger, chief marketing officer of Traiana, says helping clients to manage their credit risk will be one on the key challenges and opportunities of the foreseeable future. “The pace of trading in FX markets is only accelerating, and as such it is more important than ever to have credit monitoring in milliseconds rather than minutes. Immediate transparency into real-time exposure and risk identification across all counterparties and venues has become not just a ‘nice to have’ but a necessity. Using Harmony CreditLink market participants can lower their risk and reduce their costs to open up new trading opportunities”.
