Traiana pitches for LCH’s FX clearing flow
Post-trade technology provider Traiana has made a bid for banks and buy-side firms to use its central counterparty (CCP) connectivity service to clear non-deliverable forwards (NDFs) through LCH.Clearnet's ForexClear, after announcing the addition of ForexClear to Harmony CCP Connect yesterday.
ForexClear has quickly established itself as the leading CCP in the foreign exchange market – far outstripping rival CME Group. But Traiana might not immediately see much of ForexClear's flow, given
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