Traiana to modernise equity swaps market
04 July 2019 London
Image: Shutterstock
Traiana has launched a new automated post trade lifecycle management service to modernise equity swaps.
The Equity Swaps Lifecycle Management service will transform the market鈥檚 previously manual, labour intensive and inefficient post trade affirmation processes for clients globally, Traiana revealed.
According to Traiana, it will improve the longstanding negative affirmation issues in the equity swaps market by allowing buy side firms to view all exceptions in one place.
Meanwhile, disputes can be resolved between counterparties on a daily basis using the exception manager tool, rather than after monthly resets are struck.
Joanna Davies, global head of Traiana, commented: 鈥淯ntil now, it has been extremely challenging for buy side firms to sift through multiple swap provider reporting statements in various formats, across thousands of trades and positions per day to look for potential issues and work out exactly what has changed at the month-end reset.鈥�
Davies added: 鈥淥ur new Equity Swaps Lifecycle Management service creates huge operational efficiencies and significantly reduces settlement risk for market participants.鈥�
The Equity Swaps Lifecycle Management service will transform the market鈥檚 previously manual, labour intensive and inefficient post trade affirmation processes for clients globally, Traiana revealed.
According to Traiana, it will improve the longstanding negative affirmation issues in the equity swaps market by allowing buy side firms to view all exceptions in one place.
Meanwhile, disputes can be resolved between counterparties on a daily basis using the exception manager tool, rather than after monthly resets are struck.
Joanna Davies, global head of Traiana, commented: 鈥淯ntil now, it has been extremely challenging for buy side firms to sift through multiple swap provider reporting statements in various formats, across thousands of trades and positions per day to look for potential issues and work out exactly what has changed at the month-end reset.鈥�
Davies added: 鈥淥ur new Equity Swaps Lifecycle Management service creates huge operational efficiencies and significantly reduces settlement risk for market participants.鈥�
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