Delta Capita, a London-based provider of managed services for capital markets, has chosen Fragmos Chain to support its post-trade processing for over-the-counter (OTC) derivatives.
Fragmos Chain is built on the Common Domain Model (CDM), a framework developed by the International Swaps and Derivatives Association (ISDA) to standardise data and processes in derivatives markets, as explained in a press release. By integrating this system, Delta Capita aims to improve efficiency in trade processing, reduce reconciliation time, and simplify compliance requirements.
Delta Capita, which provides post-trade services to financial institutions, expects the adoption of Fragmos Chain to lower operational costs and enhance processing accuracy. The integration is part of a broader trend where market participants are adopting digital solutions to address inefficiencies and improve interoperability in post-trade infrastructure.
Fragmos Chain CEO Daniel Ivanier sees the collaboration as a key milestone for industry-wide transformation, while Mark Aldous, Head of Capital Markets Managed Services at Delta Capita, highlights the potential cost savings and efficiency gains for clients. The integration marks another step towards a more automated and data-driven post-trade environment.
