Banks welcome Ice Link’s selection of Traiana to expand into FX

Thumbs up

Market participants have welcomed an agreement unveiled earlier this week between IntercontinentalExchange (Ice) and post-trade technology vendor Traiana to process over-the-counter FX contracts via Ice Link, the exchange's trade affirmation service for credit default swaps (CDS).

The tie-up will allow Ice Link's 550 buy-side clients, as well as dealers and prime brokers, to use their existing connectivity to Ice Link to affirm, allocate, confirm and clear FX contracts. Dealers say the agreement