06.25.2013

Twelve FCMs now live on Traiana’s Harmony Network for Exchange Traded Derivatives

06.25.2013

London, 25 June 2013 – Traiana, the leading provider of post trade solutions, announces today that the total number of futures commission merchants (FCMs) on the Harmony Network for Exchange Traded Derivatives (ETDs) has now reached twelve. From this network there has been a rapid uptake of buy-side hedge funds and asset managers benefitting from the service. Trade volume on the Traiana ETD ClientLink service has grown by a factor of 20 over the past 12 months.

Using Traiana Harmony, FCMs are able to provide real-time visibility of exchange traded derivatives trades to their clients, enhancing client service and increasing transparency. At the same time, Traiana Harmony reduces operational risk by managing the entire reconciliation and allocation process in real-time and improves operational efficiency, providing STP connectivity to executing and clearing counterparties.

Nick Solinger, Head of ETD and OTC Products at Traiana commented: “The expansion of the Harmony Network for Exchange Traded Derivatives underlines the clear advantages of the network for our customers: increased efficiency, lower risk and lower costs. We continue to work with our customers to achieve the best results in the post-trade space.”

 

About Traiana

Traiana, Inc. (www.traiana.com) provides global banks, broker/dealers, buy-side firms and trading platforms with services to monitor pre- trade risk and automate post-trade processing of financial transactions in listed and over-the-counter trading markets. Traiana’s solutions and the Harmony Network have become the market standard for post-trade processing of foreign exchange, exchange traded derivatives, fixed income, CDS and synthetic and cash equity transactions. Traiana, an ICAP company, is headquartered in New York City with offices in Chicago, Hong Kong, London, Tel Aviv and Tokyo.

 

Media Contact

Candice Adam, Argentus PR

Tel +44 (0)20 7397 2915

candice.adam@argentuspr.com

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