Traiana scores a dozen of FCMs 26 June 2013London Reporter: Georgina Lavers
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Post-trade solution provider Traiana experienced an increase in the number of futures commission merchants (FCMs) on its Harmony network for exchange-traded derivatives to 12.
From this network there has been a rapid uptake of buy-side hedge funds and asset managers benefitting from the service, said Traiana.
Traiana Harmony aims to offer FCMs real-time visibility of exchange traded derivatives trades to their clients, enhancing client service and increasing transparency.
The service also promises a reduced operational risk by managing the entire reconciliation and allocation process in real-time, and improved operational efficiency by way of providing STP connectivity to executing and clearing counterparties.
Nick Solinger, head of exchange-traded derivatives and OTC products at Traiana, said: “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.”
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