LSEG Post Trade Solutions Unveils TradeAgent

LSEG’s Post Trade Solutions business has launched TradeAgent, a new post-trade processing platform for derivatives, developed in association with 10 market participants.

LSEG says the new platform will 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.

It adds that TradeAgent provides clients access to centralised data that drives standardisation and automation across workflows and enhances accuracy in cashflow calculations. It also 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,” LSEG says.

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. “TradeAgent provides the market with a true end-to-end trade processing solution that simplifies and provides an alternative confirmation process,” says Annabel Harrison, head of agent services, Post Trade Solutions, LSEG. “Powered by LSEG’s proven market infrastructure expertise, TradeAgent replaces duplicative processes with a single source of trade and agreement data.”

Andrew Longmuir, head of global markets operations, Barclays, adds, “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.”