Today Traiana, the market standard for post-trade processing of foreign exchange, announced that the Asiana FX platform is now fully integrated with Traiana's Harmony Message Center, the market leading solution for foreign exchange (FX) post-trade processing, used by every major buy-side, bank, broker and trading venue.
Using the Harmony Message Center solution, the ASIANA FX platform will be able to offer true system-to-system straight through processing (STP) for FX trades, electronically connecting all counterparties to reduce operational risk. Harmony Message Center eliminates the need to build point-to-point integrations between banks, prime brokers and funds with a real-time, low latency network that centrally manages the post-trade process - from notice of execution to step-in - with a full audit trail.
ASIANA FX's Korpong Pitinavasakul says "The ASIANA FX platform is well positioned to make a significant foray into the Asian institutional and retail platform marketplace. By using the Harmony Message Center solution, ASIANA FX will help our clients recognize greater operational efficiency in their trading activities, while at the same time mitigating risk and reducing costs".
Nick Solinger, Chief Marketing Officer of Traiana, says "Our goal for Harmony is to provide buy-side firms with access to every major execution venue, bank and prime broker in foreign exchange via a single connection. The addition of ASIANA FX expands the reach of our network and will benefit our mutual clients".