Traiana Harmony provides post trade processing for electronic deal confirmations of trades dealt on FXMarketSpace to FX prime brokers in the format of their choice while leveraging existing connectivity into the Traiana Harmony Message Centre. Prime brokers who join the FXMarketSpace platform can use their existing processes and will not incur additional processing costs. The Straight Through Processing (STP) between the platforms automates the trade flow to prime brokers and provides end users of both platforms with more efficient processing.

FXMarketSpace customers, leveraging the same STP integration between the platforms, also enjoy the benefits of Netlink, a rules-based ticket netting engine that can significantly reduce the number of tickets processed in the back office of the FX prime broker. NetLink enables prime brokers to net trades their clients execute on FXMarketSpace by currency pair at pre-defined points throughout the day.

FXMarketSpace trades have been confirmed with prime brokers using Traiana Harmony since the platform began a pilot phase on 8th February, 2007. The number of processed trades has increased as more customers have been added since the platform's official launch on 26th March, 2007. Traiana compliments the existing STP available on FXMarketSpace, including Reuters Trade Notification Service (RTNS).

Gil Mandelzis, Chief Executive Officer, Traiana Inc. said: "FXMarketSpace introduced a new and exciting trading venue into the market, together we are able to add tremendous value for our clients. Harmony helps the FX market by adding automation and efficiencies and we are happy to work with our partners on all levels and re-thinking new ways to help develop the market."

Mark Robson, Chief Executive Officer, FXMarketSpace said: "The benefits offered by FXMarketSpace include increased transparency, broader access and a technologically advanced trade matching engine. Our customers require the services of a clearing prime brokekker and as such partnering with Traiana is an important development in supporting both our trading customers and their prime banks."