Traiana Extends Harmony to ETDs; Nabs Deutsche Bank as First Client

Traiana announced it extended the Harmony network to manage exchange-traded derivatives, an arrangement the firm said is aimed at allowing buy-side firms to reduce risk and costs.

Traiana said Harmony for ETDs, which is integrated with its FX platform, conducts real-time post-execution risk management, along with services for straight-through processing, allocations, reconciliations, and confirmations for ETD trades.

The firm added that Harmony also boosts transparency by allowing banks to provide clients with real-time visibility of ETD trades. It can also allow buy-side traders to match, allocate, conduct straight through processing, and confirm trades in real-time to ensure any mismatches are caught immediately, Traiana said.

Deutsche Bank was the firm client to go live with the new system, Traiana added.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio