Post Trade Solutions Launches TradeAgent Platform

Post Trade Solutions, part of the London Stock Exchange Group's (LSEG) Markets division, has officially launched TradeAgent. This new platform is designed as a post-trade processing solution.

The platform was developed in collaboration with a consortium of over ten leading banks and buy-side firms. It aims to address longstanding challenges in post-trade processing and meet evolving market demands.

TradeAgent utilizes modern technology to standardize the full post-trade lifecycle. It is engineered to help industry participants reduce costs and risks associated with cleared and bilateral derivative processing, particularly for equity and interest rate swaps.

By providing centralized, authoritative data, the platform enhances post-trade processing through standardization and workflow automation. It brings benefits of cleared workflows to bilateral derivatives, improving cashflow calculation accuracy, preventing disputes, and mitigating counterparty and funding risk via centralized margin and settlement services. This leads to a significant reduction in operational risk and end-to-end processing costs.

The service operates on an open, scalable platform, allowing current and future products and services to function from a central data store. Post Trade Solutions integrates TradeAgent with its other services—Quantile, Acadia, and SwapAgent—to drive further operational and cost efficiencies.

Annabel Harrison, Head of Agent Services at Post Trade Solutions, LSEG, commented: "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."