20 April 2018
visit www.ebaday.com

Traiana extends Harmony FX 0ptions capabilities

02 December 2009  |  1945 views  |  0 Source: Traiana

Today Traiana, the market standard for post-trade processing of foreign exchange, announced that it has extended its Harmony FX options solution beyond prime brokerage to direct trading relationships.

The official launch will take place today at the 6th Annual Harmony Forum, Traiana's annual gathering of Harmony network members including over 200 FX market leaders.

The enhanced Harmony solution for options automates the operational lifecycle of options contracts from booking through settlement through a central processing hub - ensuring complete system-to-system communication while reducing operational risk and the costs associated with booking and settling FX options trades.

Advances in the processing of cash FX have raised client expectations for related products - including FX options. Nick Solinger, Chief Marketing Officer of Traiana says, "We have seen a significant growth in options as firms seek greater leverage and as electronic trading enters the marketplace. Traiana's solution for options enhances client service, increases operational efficiency and reduces operational risk."

Harmony's FX options solution provides complete STP between parties for voice and electronic trading. It supports both prime brokered and direct trade flow, and provides full allocation processing to affirm the block trade, pairing client splits with the block execution, and automating the booking of the allocation to the dealer. Post-trade, parties may reconcile their open positions on an on-going basis through Harmony. At settlement, Harmony operates an electronic exercise portal that allows parties to electronically notify their counterparty of their intent to exercise as well as to receive affirmation of the exercise event - creating a completely transparent, electronic audit trail of the events leading to settlement.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://response.ncr.comVisit https://aciworldwide.webex.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Competing in an increasingly competitive spaceCompeting in an increasingly competitive s...
10729 views comments | 1 tweets | 2 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9320 views comments | 14 tweets | 19 linkedin
Westpac and CommBank hit back at Aus Open Banking plansWestpac and CommBank hit back at Aus Open...
8532 views comments | 9 tweets | 8 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8074 views comments | 16 tweets | 22 linkedin

Featured job

Find your next job