The FT carries news that ICAP has sold an initial 12% stake (plus option on further 20%) in its post-trade processing unit Traiana to seven of its largest bank customers.
We have noted before in our white paper on SDPs in a cleared world and also here and here, new regulatory mandates around execution, reporting and clearing will see the value proposition and profitability for many of the largest banks move downstream, from execution through to post trade processing (and infrastructure) capability. Scale, efficiency and connectivity being key components, which helps explain the interest in Traiana
As the article says:
The sale illustrates the growing importance to banks of a raft of new market infrastructure that are intended to improve market efficiency and cut counterparty risk and rising IT costs.
Full FT article here and ICAP Press release here
Filed under: CCP, Dodd Frank, Paul Blank, Technology Trends, Web trading technology |
SingleDealerPlatforms.Org 
Leave a Reply