LSEG today announces 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.
TradeAgent delivers enhanced post trade processing by providing clients access to centralised, authoritative data that drives standardisation and automation across workflows. By bringing the benefits of cleared workflows to the bilateral derivatives space, TradeAgent enhances accuracy in cashflow calculations, prevents breaks and valuation disputes, and mitigates counterparty and funding risk through centralised margin and settlement services. The result is a significant reduction in operational risk and end-to-end processing costs.
TradeAgent operates using an open, scalable platform that will enable current and future products and services to operate directly off a central, authoritative data store.
Post Trade Solutions brings together TradeAgent, Quantile, Acadia and SwapAgent, services all working together to drive additional operational and cost efficiencies.
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.”
Andrew Longmuir, Head of Global Markets Operations, Barclays, said: “Efficient and resilient post trade processing is essential to reducing both risk and cost in the bilateral derivatives market. TradeAgent simplifies a complex industry landscape by replacing fragmented confirmation workflows with standardised, automated processes, lowering operational cost, improving accuracy, and driving sustainable efficiency.”
Raphael Masgnaux, Head of Global Technology Platform for Global Markets, BNP Paribas SA, commented: “BNP Paribas is pleased to be a participant to the TradeAgent platform, which addresses well known challenges in derivatives post trade processing with a practical, industry‑led approach and well proven technology standards. We believe this platform will improve automation and standardisation of the whole post trade lifecycle, operational hurdles, counterparty and funding risk, whilst increasing operational efficiencies. We are delighted to support this industry transformational trend for the benefit of market players and our clients.”
Nicholas Van Aardt, Global Head of Fixed Income Middle Office and Commodities Operations, Citi, commented: “Working with LSEG and market participants to develop TradeAgent highlights the industry’s need for solutions that bring standardisation, centralisation and automation to post trade processing. The launch of TradeAgent is an important milestone in meeting these needs and the evolving requirements of the OTC derivatives space.”
David Halliden, Managing Director, Markets Operations, J.P. Morgan, said: "At J.P. Morgan, we are committed to evolving our service offering by providing clients with access to innovative, scalable solutions and enhanced resiliency. We support the continued evolution of OTC post trade processing and improvements to executional efficiency and welcome solutions like TradeAgent to the market."
Learn more about TradeAgent here: https://www.lseg.com/en/post-trade/solutions/centralise/tradeagent
Contacts
About Post Trade Solutions
Post Trade Solutions brings together TradeAgent, Acadia, Quantile and SwapAgent to streamline operations, reduce risk and improve capital efficiency.
By connecting with existing cleared infrastructure, we bring the benefits of clearing to the bilateral space, driving efficiency no matter where customers choose to trade their risk.
We continually innovate and have combined our solutions into five pillars which streamline workflows and operations, centralise data on open-access platforms and provide an authoritative data store, optimise to reduce risk and improve capital efficiency, analyse to simplify regulatory compliance, and advise our community to solve the industry’s most complex challenges.
Post Trade Solutions is part of LSEG’s Markets division. Our network includes over 3,000 firms, including all the top dealer banks, regional banks, buy-side firms and corporates.
For more information, visit our website.
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
