Introducing TradeAgent
TradeAgent is a centralised post trade processing platform for OTC derivatives, purpose built to eliminate fragmentation, standardise data, and streamline workflows across the entire trade lifecycle. Designed in collaboration with leading buy-side and sell-side institutions, and powered by LSEG’s proven market infrastructure expertise, TradeAgent replaces the industry’s disparate, duplicative processes with a single, golden source of trade and agreement data.
Built from the ground up with modern, scalable technology, TradeAgent supports equity swaps and interest rate derivatives today, with an expanding roadmap to additional asset classes.
How it works
TradeAgent in action
Source
Trades, cashflows, and reference data are submitted from certified, authorised sources, ensuring accuracy and consistency across firms.
Standardise
TradeAgent uses the FINOS Common Domain Model (CDM) to standardise complete trade populations — including cleared compression results, trades not confirmed on TradeAgent, and single sided submissions.
Create Authority
Legal confirmation, matching/affirmation and trade management processes establish a single authoritative data store used for all downstream events and calculations.
Full Trade Lifecycle Processing
TradeAgent manages:
- Novations, amendments, exercises, and corporate actions
- Full bilateral cashflow calculation
- Margin in Transit workflows
- Central settlement routing
- API driven microservices for targeted access to ADS data
The result is an end to end, fully aligned view of the portfolio across all counterparties.
Features & benefits
Why TradeAgent
TradeAgent aims to be the most effective, streamlined and cost-efficient post trade processing solution. Built on modern, scalable technology that enables us to deliver new features and functionality at pace.
Increased efficiency
- Reduced operational cost and capital drag
- Lower funding and counterparty risk
- Minimised reconciliation breaks and disputes
- More predictable and accurate bilateral cashflow management
Operational efficiency
- Eliminates duplicative trade representations
- Enhances data quality, transparency and traceability
- Automates event handling and settlement workflows
- Accelerates processing timelines across asset classes
Innovation
- Creates a unified foundation for interoperability
- Supports strategic optimisation, margin management and future innovations
- Scales naturally with market growth and regulatory evolution
- Embeds within the broader Post Trade Solutions ecosystem, enhancing end‑to‑end operational cohesion
Testimonial
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.
- Raphael Masgnaux, Head of Global Technology Platform for Global Markets, BNP Paribas SA
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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.
- Nicholas Van Aardt, Global Head of Fixed Income Middle Office and Commodities Operations, Citi
Driving the derivatives industry forward
We offer more than just TradeAgent. Find out how we can centralise your portfolio.
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