Traiana, ICAP’s post-trade company, has announced that Morgan Stanley is the first customer to go live with Traiana’s real-time FX margin solution.
The solution provides real-time margining and processing and throughput capability. The system handles margin, credit, prime brokerage, introducing brokers and retail trading relationships, and can also be used to cross-margin FX and futures.
Todd Miller, managing director at Morgan Stanley, says: “Over the past few years, we’ve experienced tremendous growth across all client segments. In order to manage that growth, we are committed to investing in best-of-breed technology. After reviewing all options, we realized that Traiana’s margining solution not only met our needs today but could also scale to support our business needs in the future.”
Morgan Stanley has made a big investment in technology over the year, most notably its new cross-asset platform Matrix (Morgan Stanley hopes for Matrix revolution).