Post Trade Solutions launches TradeAgent – e-Forex
LSEG has announced that Post Trade Solutions has launched TradeAgent, a new post trade processing platform. Developed in collaboration with a consortium of more than 10 leading banks and buyside firms, TradeAgent has been purpose built to deliver practical solutions to longstanding post trade processing challenges and meet evolving market needs. TradeAgent leverages modern technology to help industry participants reduce costs and risks associated with cleared and bilateral derivative processing, for equity and interest rate swaps, by standardising the full post trade lifecycle. Annabel Harrison, Head of Agent Services, Post Trade Solutions, LSEG, said: “TradeAgent provides the market with a true end-to-end trade processing solution that simplifies and provides an alternative confirmation process. Powered by LSEG’s proven market infrastructure expertise, TradeAgent replaces duplicative processes with a single source of trade and agreement data. We are delighted to be delivering these efficiencies to OTC derivatives processing.”
