Portware FX connects with Traiana
25 May 2010 | 3914 views | 0
Source: Portware FX
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions today announced that it has integrated Portware FX with Traiana's Harmony Network, the industry-leading platform for post-trade processing of over-the-counter (OTC) foreign exchange trades. This partnership will allow Portware FX clients to streamline post-trade processing and settlements with counterparties, resulting in lower operational risk and reduced trading costs.
Portware FX is built on an open and highly flexible trade architecture which allows for seamless integration with third-party and proprietary workflow applications. This flexibility allows clients to develop comprehensive straight through processing (STP) solutions that increase workflow efficiencies and reduce operational overhead.
Illit Geller, Vice-President Business Development, Traiana, Inc., comments: "As algorithmic FX trading volumes continue to rise, firms are looking for highly efficient and scalable trade processing solutions. Integrating with Portware FX brings increased post-trade efficiencies to our joint clients, delivering a complete front-to-back solution that addresses their most complex trading and STP requirements."
Ary Khatchikian, President and CTO, Portware, noted: "In today's FX market, firms need to drive efficiencies at every point in the trade. More and more companies are selecting Portware FX to address their advanced trading needs, and our partnership with Traiana gives users a turnkey post-trade solution for automated settlement and reconciliation. We look forward to building on our relationship with Traiana as we continue to deliver best-in-class trading technology to the global FX markets."