Traiana upgrades credit risk tool for FX prime brokers

CME Group’s Traiana has announced significant enhancements to its Credit Risk Hub which comprises two services; Designation Notice Manager (DNM) and CreditLink.

First Published by e-Forex News: May, 2019

Andres Choussy
Andres Choussy

CME Group’s Traiana has announced significant enhancements to its Credit Risk Hub which comprises two services; Designation Notice Manager (DNM) and CreditLink. The Credit Risk Hub will now enable FXPBs to define which eligible FX instruments, currency pairs and tenors buy-side managers can trade as part of Tri-Party Agreements, which in turn impacts the level of credit extended to them. By documenting this level of trade granularity in DNM, CreditLink can monitor the additional trade detail, providing greater control to prevent overallocation of risk to clients. “The enhancements to our Credit Risk Hub build on our world leading franchise and allow us to act as a central hub for the calculation, distribution and enforcement of credit lines across prime brokers, executing brokers and their end clients,” said Andres Choussy, CEO of Traiana.