The system uses a new product from Traiana, the post-trade processing systems company owned by Icap. Deutsche is the first customer to go live with the product, called Harmony for Exchange-Traded Derivatives.

Clients should gain improved risk management, seamless trade processing and enhanced client service. 
dbClear is Deutsche’s centralised multi-asset clearing platform and dbClear Listed Derivatives Matching will be available to all its execution and clearing clients.

The system connects the client, clearing broker and executing broker using Traiana Harmony for Exchange-Traded Derivatives.

Deutsche can now straight-through process, allocate, reconcile and confirm listed derivatives trades in real time, enabling any mismatches to be identified immediately.

The bank’s implementation also marks the beginning of Traiana’s expansion of its Harmony network into exchange-traded derivatives. The new product is fully integrated with Traiana’s Harmony for FX solution, which is connected to more than 500 firms.

Banks using Harmony can give their clients real time visibility of ETD trades, which could make the banks’ post-trade processes more transparent and efficient.

The goal is a smooth, intraday clearing process, with real time post-trade risk management – which could have the effect of reducing risk, downstream processing complexity and cost.