The total number of futures commission merchants (FCMs) on Traiana’s Harmony Network for Exchange Traded Derivatives (ETDs) has now reached 12.
There has been a rapid uptake of buy-side hedge funds and asset managers benefitting from the service, with trade volume on the Traiana ETD ClientLink service growing by a factor of 20 over the past 12 months.
Using Traiana Harmony, FCMs are able to provide real-time visibility of exchange traded derivatives trades to their clients, enhancing client service and increasing transparency. At the same time, Traiana Harmony reduces operational risk by managing the entire reconciliation and allocation process in real-time and improves operational efficiency, providing STP connectivity to executing and clearing counterparties.
Nick Solinger, head of ETD and OTC products at Traiana, says: “The expansion of the Harmony Network for Exchange Traded Derivatives underlines the clear advantages of the network for our customers: increased efficiency, lower risk and lower costs. We continue to work with our customers to achieve the best results in the post-trade space.”