Traiana supporting post-trade Harmony 13 August 2014London Reporter: Catherine Van de Stouwe
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Traiana is launching the next generation of its post-trade cross-asset allocation, matching and confirmation service for buy- and sell-side firms.
The solution, Harmony Securities is available across various products, including cash equities, equity swaps, corporate and government bonds, municipal bonds and treasury bills. The solution has also been designed to comply with upcoming regulatory changes, such as T+2 settlement.
The Harmony network has seen a booming growth between July 2013 and July 1014, with a 300 percent rise in the number of participants combined with a volume growth of over 1000 percent for equities and fixed income.
Harmony provides same-day cross-asset trade allocation, matching and confirmations via low latency processing that will give firms an increased flexibility in matching schema catering for all types of strategies, including combinations of cash and synthetic-equity allocations and many-to-many matching.
Co-founder and head of Europe, Middle East and Africa (EMEA) at Traiana, Roy Saadon, said: “The growth of our Harmony Securities network means our clients can now use one platform for their post-trade trading activity, across asset classes and across the global markets.”
“By delivering same-day trade affirmation and trade matching, Harmony reduces both operational and counterparty risk as well as the risk of settlement failure.
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