Traiana Releases Automated Post-Trade Service for Equity Swaps Market

Traiana, a provider of infrastructure service for trade lifecycle solutions, has introduced a service that will automate post-trade lifecycle management of the equity swaps market. The Equity Swaps Lifecycle Management service normalises data reported by swap providers and conducts reconciliation and affirmation of daily valuations, payments and legal confirmations to identify any changes to underlying swap attributes. It also improves negative affirmation issues by allowing buy-side firms to view all exceptions in one place. Disputes can be resolved on a daily basis using the exception manager tool. Phase one is live with further phases due through 2019 and 2020.