Today Traiana, the market standard for post-trade processing of foreign exchange, announced that Credit Suisse has gone live with Traiana's Harmony NetLink, a comprehensive solution for retail foreign exchange (FX) post-trade processing.
Using the Harmony NetLink solution, Credit Suisse will increase operational efficiency and alleviate processing bottlenecks by matching and aggregating foreign exchanges trades from retail brokers. By aggregating tickets before they hit the back office, the bank is in a strong position to dramatically scale their retail business as well as to realize significant cost savings. The solution also provides real-time visibility into the original tickets (component trades) so that exposure can be monitored and managed.
Today, the system is in live operation with the FXCM retail platform.
Jill Sigelbaum, Executive Vice President of Global Bank Sales and Alliances, of Traiana, says "Retail FX is undergoing significant growth and change. We're excited to work with a leader like Credit Suisse as they deliver a comprehensive retail FX offering to the market."