The equity swaps market has an inefficient, labour-intensive, and manual T+N affirmation process – particularly during reset periods. Buy-side and sell-side participants alike face uncertainty around settlements – with delays identifying and fixing breaks in a timely manner.
Traiana offers a lifecycle management service for equity swap post-trade, focused on improving the daily front-to-back processes via a single user interface. It allows users to increase efficiencies in the swap market, particularly for the monthly reset periods and reduce risks to unlock cost savings. The service is offered to hedge funds, asset managers, swap providers, and fund administrators.
Equity Swaps Lifecycle Management (ESLM) requires a single SFTP/FTP connection for trade, valuation, payment, and swap wrapper reporting. Swap reporting data sets are normalized between global users across their preferred delivery mechanism and connectivity methods such as XML, CSV, and Excel. Other formats and connectivity types may be supported on request.