ICAP Futures and Options joins Traiana Harmony Network
05 November 2013
London/ Chicago/ New York – 5 November, 2013 Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces that ICAP Futures and Options, the financial futures business of ICAP plc, has selected Traiana’s Harmony Network for its client connectivity layer. This now brings the total number of futures commission merchants (FCMs) on the Harmony Network for Exchange Traded Derivatives (ETDs) to 13.
Gary Pettit, Executive Managing Director of ICAP Futures and Options, comments: “As ICAP’s global exchange traded derivative network continues to grow we have selected Traiana to provide STP connectivity direct from our execution platform in order to best facilitate the expanding requirements of our customers. We look forward to developing this relationship into other technology areas in the future.”
Nick Solinger, Head of Product Strategy and Chief Marketing Officer of Traiana, adds: “The addition of ICAP Futures and Options to the Harmony ETD network underlines the flexibility and scale of our offering. Adding connectivity from a wide range of ISV trading platforms to enhance ICAP’s offering is a further step in expanding the Harmony execution and clearing platform.”
Traiana’s Harmony Network enables FCMs 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.
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.
About ICAP Futures and Options
ICAP is a major executing broker on all Financial Futures Exchanges globally. ICAP Futures and Options offers brokerage, market commentary and post trade services with dedicated exchange-traded derivatives brokers in London, New York, Chicago, Singapore, Sydney, Wellington and Dubai.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, please go to www.icap.com.
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