13 December 2017
visit www.solutions.lexisnexis.com

FlexTrade connects algorithmic trading system to Traiana Harmony

11 October 2006  |  1756 views  |  0 Source: FlexTrade Systems

FlexTrade Systems Inc., the leader in multi-asset algorithmic execution management systems, and Traiana Harmony, the leading post-trade processing solution for the Foreign Exchange market, announced today a dramatic improvement in Straight-Through-Processing for FX Prime Brokerage.

Hedge funds and asset managers using FlexTrade's algorithmic trading systems enjoy a complete STP connection to the Traiana Harmony Network. The system has already been implemented between one the top Foreign Exchange Prime Brokers and a major Hedge Fund.

Traiana Harmony, which has become the post-trade processing standard in the FX market, has extended its service into algorithmic trading with the integration of Flextrade to provide value to both sell-side and buy-side firms. Prime brokers connected to the Traiana Harmony network will be able to offer their clients straight-through-processing of algorithmic trades all the way through to booking. Trading firms can now take advantage of algorithmic trading without incurring the additional costs that come with increased volume and complexity. STP automation reduces errors, increases efficiencies, and expands the capacity of buy- and sell-side participants to handle increased order flow. Buy-side firms use FlexTrade for sophisticated algorithmic trading strategies across multiple electronic platforms. The direct connection to the Traiana Harmony network enables buy-side firms to automatically manage ticket notification through a single connection to their internal systems, prime banks, and custodian banks.

"We have seen a tremendous interest in algorithmic trading in the foreign exchange market," said Anand Iyer, vice president, co-head of Foreign Exchange, Flextrade Systems Inc. "Our relationship with Traiana, the leader in connectivity to FX prime brokers, will provide our buy-side clients the ability to expand their algorithmic strategies by improving the efficiency of post-trade processing."

"We are excited to work with Flextrade and assist our sell-side clients with further automation of their prime brokerage operations and to enable new trading standards in the market," said Illit Geller-Gurfinkel, Vice President, Business Development, Traiana, Inc.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit www.aciworldwide.com

Who is commenting?

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11906 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8974 views comments | 15 tweets | 21 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7295 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7177 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6999 views comments | 20 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job