Available to all members of the Harmony community, Harmony CCP Connect adds central clearing and regulatory compliant services to Traiana’s market standard post-trade network which today processes FX, exchange traded derivatives, cash equities and equity swaps to the Harmony network.
Reduces Time to Go Live with a Comprehensive Clearing Connectivity Solution With Harmony CCP Connect, software and IT requirements are minimal. A single connection is all that is needed to connect prime brokers, executing brokers, CCPs and execution venues, so that firms can be ready with a central clearing solution as soon as regulations are announced.
Manages The Complexity Associated with New Multi-Participant Workflows All financial market participants will be impacted by the new legislative changes, resulting in a web of complex interconnections and associated workflows. Harmony CCP Connect manages these relationships by providing a flexible and configurable transformation, routing and matching service.
Helps Firms Adapt to Changing Legislation Globally Harmony CCP Connect is flexible and can scale to help firms comply with changing requirements. New regulatory changes will require participants to report to an expanding list of repositories, regulators and public reporting mechanisms. Harmony CCP Connect can be configured to provide additional matches, state management and routing schemas as required with no impact on an institution’s infrastructure.
Comprehensive Monitoring and Exception Management Given the requirement to deliver post- trade messages to recipients on a timely basis, it is important to have a comprehensive monitoring and exception management system in place. Harmony CCP Connect provides state management and alerting through both a dedicated dashboard UI and a programmatic interface for connection to an institution’s existing exception management systems.
Allows Firms to Meet Regulatory Requirements A single, automated, secure system provides adequate controls and a full audit trail to help ensure future regulatory requirements for increased transparency are met. |
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| With Harmony’s existing network linking over 500 global counterparties, providing connectivity to CCPs and swap execution facilities (SEFs)/ multilateral trading facilities (MTFs) is a natural extension. |
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