Powered by Traiana
Our Equity LimitHub service enables sponsoring General Clearing Member (GCM) firms to credit check and approve their bank and broker clients’ OTC equity trade flow for clearing.
LimitHub allows sponsored Non-Clearing Member (NCM) firms that currently settle their trades bilaterally to join Traiana’s CCP Connect network and clear European OTC Equities at a range of clearinghouses, reducing settlement cost and risk and increasing capital efficiency.
LimitHub is the latest addition to Traiana’s comprehensive set of services for streamlining OTC equity trade processing.
Limit Configuration to set and monitor NCM client credit limits; Credit Limit Checking for all trades executed by NCM clients; a web-based User Interface to oversee sponsored NCM client activity and Limit Disabling allowing the GCM to remove credit provisions from sponsored NCM clients.
Central credit checking for sponsored clearing of OTC equities via a GCM to reduce CSDR impact and risks.
The new limit tool will enable BNP Paribas Securities Services to monitor our extensive NCM broker and swap provider client portfolio to approve their daily trading activity for clearing using our General Clearing Membership status.
Head of clearing and settlement products at BNP Paribas Securities