The system uses a new product from
Traiana, the post-trade processing systems company owned by
Icap. Deutsche is the first customer to go live with the
product, called Harmony for Exchange-Traded Derivatives.
gain improved risk management, seamless trade processing and
enhanced client service.
dbClear is Deutsche’s centralised multi-asset
clearing platform and dbClear Listed Derivatives Matching will
be available to all its execution and clearing
connects the client, clearing broker and executing broker using
Traiana Harmony for Exchange-Traded Derivatives.
Deutsche can now
straight-through process, allocate, reconcile and confirm
listed derivatives trades in real time, enabling any mismatches
to be identified immediately.
bank’s implementation also marks the beginning of
Traiana’s expansion of its Harmony network into
exchange-traded derivatives. The new product is fully
integrated with Traiana’s Harmony for FX solution,
which is connected to more than 500 firms.
Harmony can give their clients real time visibility of ETD
trades, which could make the banks’ post-trade
processes more transparent and efficient.
The goal is a
smooth, intraday clearing process, with real time post-trade
risk management – which could have the effect of
reducing risk, downstream processing complexity and