Traiana connects to BT Radianz extranet

Source: BT Radianz

BT Radianz, the leading global provider of financial connectivity services, today announced that Traiana, Inc., a leading provider of cross-asset relationship management solutions for global banks and broker/dealers, has joined the BT Radianz community of firms that distributes its services to the global financial industry.

Traiana's solutions join approximately 400 applications available over the BT Radianz shared market infrastructure from over 160 service providers worldwide.

By automating the core post-trade processes of the world's leading investment banks, Traiana's TRM solution enables prime brokers to manage increasingly complex high volume cross-asset trading relationships. Traiana's Harmony messaging service is the leading industry solution for automating foreign exchange Give-Up processing among executing banks, prime brokers and ECNs.

Traiana's mission-critical middle-office solutions address the needs of cross-asset prime brokerage, enabling investment banks to capture and service the dramatic growth in hedge fund and alternative investment trading firms. Through a unique approach to client service, trading partner integration and real-time reporting, Traiana customers can reduce operating costs by up to 60%, increase profits, improve customer service and increase trading party loyalty.

Michael Laven, EVP at Traiana, said: "With its shared infrastructure model and extensive, established community of users, BT Radianz is a perfect solution to effectively reach our customer base. Several of our clients specifically requested that our TRM and Harmony solutions be made available on the BT Radianz infrastructure. This led to the realization that by making our solutions available via BT Radianz's platform, we could more efficiently reach existing clients, while gaining access to a broad base of future clients."

Chris Church, EVP, strategic client development at BT Radianz said: "The addition of Traiana to the roster of firms using BT Radianz to distribute their services is one example of our continued efforts to extend BT Radianz across multiple asset classes and business processes. Our strategy is to work with leading content and service providers across the STP chain. Traiana truly complements this effort, especially as we aim to reach prime brokers and global custodians."

Comments: (0)