Eiger Trading Advisors, a commodity Murabahah trade facilitation specialist, has partnered with Refinitiv to support the fully automated end-to-end post-trade workflow for Islamic money market transactions using its proprietary platform.
Islamic Deal Connect provides global money market participants with post-trade workflow automation capabilities and uses straight-through-processing while automating system integration capability between multiple counterparties to support the end-to-end process of Islamic money market transactions.
“The new application is designed to seamlessly streamline the post-trade process of Islamic money markets transactions, under a single environment which eliminates manual processes and reduces operational risk,” said Nadim Najjar, the managing director of Middle East and Africa at Refinitiv, a London Stock Exchange Group business.