Traiana has expanded the Traiana Harmony network to manage exchange-traded derivatives.
Fully integrated with Traiana’s solution for foreign exchange, Harmony for Exchange Traded Derivatives provides real-time post-execution risk management, with services for straight-through-processing, allocations, reconciliations, and confirmations for ETD trades.
Using Harmony, banks are able to provide their clients with real-time visibility of ETD trades, increasing the transparency and operational efficiency of the bank’s post-trade processes.
Deutsche Bank is the first customer to go live with Harmony for Exchange Traded Derivatives.
Buy-side firms can now match, allocate, STP and confirm their trades in real-time to ensure any mismatches are caught immediately. By accelerating ETD post-trade processes into a real-time model, Harmony removes risk, downstream processing complexity and cost.
Traiana’s Harmony for FX is now connected to over 500 buy- and sell-side firms. Harmony for Exchange Traded Derivatives is now available to the entire Harmony community.
Roy Saadon, co-founder of Traiana, says: “Harmony for Exchange Traded Derivatives offers firms a solution to reduce risk, increase efficiency, reduce costs and grow their business. We’re excited to partner with Deutsche Bank and other banks around this initiative, and will continue to work with our customers to advance the state-of-the-art in post-trade across asset classes.”
Traiana has hired Patrick Thornton-Smith as director, market development, exchange-traded derivatives, to strengthen Traiana’s sales footprint in the exchange-traded derivatives industry. He brings to Traiana 25 years of experience in the front- middle- and back-office in the exchange traded derivatives space. Prior to joining Traiana, he was managing director-post trade processing and head of global sales at FFastFill.
