Post Trade Solutions, part of LSEG’s Markets division, has launched TradeAgent, a new post trade processing platform.

Developed in collaboration with a consortium of more than 10 leading banks and buyside firms, TradeAgent has been purpose built to deliver practical solutions to longstanding post trade processing challenges and meet evolving market needs.

TradeAgent leverages modern technology to 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.

TradeAgent delivers enhanced post trade processing by providing clients access to centralised, authoritative data that drives standardisation and automation across workflows. By bringing the benefits of cleared workflows to the bilateral derivatives space, TradeAgent enhances accuracy in cashflow calculations, 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.

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.

Post Trade Solutions brings together TradeAgent, Quantile, Acadia and SwapAgent, services all working together to drive additional operational and cost efficiencies.

Annabel Harrison, Head of Agent Services, Post Trade Solutions, LSEG, said:

“TradeAgent provides the market with a true end-to-end trade processing solution that simplifies and provides an alternative confirmation process. Powered by LSEG’s proven market infrastructure expertise, TradeAgent replaces duplicative processes with a single source of trade and agreement data. We are delighted to be delivering these efficiencies to OTC derivatives processing.”