Traiana expands Harmony ClientLink into cash equities and fixed income
13 June 2013
New York/London, June 13 2013 – Traiana, the leading provider of post-trade and risk solutions, today announces that it has expanded Harmony ClientLink’s cross-asset capability to the equities and fixed income markets with a number of leading brokers. As a result, Harmony ClientLink now offers the most comprehensive cross-asset straight through processing (STP) and allocation platform for banks, brokers and buy-side firms. Harmony ClientLink provides executing brokers and prime/clearing brokers with a complete client servicing solution. This will automate allocation, confirmation and matching processes and has more than 1,000 client connections across FX, exchange traded derivatives, equity swaps, cash equities and fixed income.
As more and more buy-side firms are standardizing their processes using protocols such as FIX and SWIFT, Harmony ClientLink offers an integrated FIX and SWIFT gateway to support these changing client technology demands. ClientLink enables the broker to maintain internal STP regardless of client messaging preference and without any internal system development. Featuring a revolutionary message transformation infrastructure, clients can be set up in minutes to send and receive their trade information in their own format and language, including any structured or unstructured message type, including formats such as e-mail, PDF, CSV or proprietary formats used by many others.
Roy Saadon, Co-Founder and Head of EMEA, Traiana said: “As buy-side clients continue to move from legacy electronic trade confirmation services towards standards like the FIX protocol, brokers are looking for rapid and cost efficient services such as Harmony ClientLink to help facilitate this transition and reduce costs for the market.”
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.
Candice Adam, Argentus PR
Tel +44 (0)20 7397 2915