Portware FX integrates with Traiana

Finextra reports: Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions has become the latest forex platform provider

Finextra reports:

Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions has become the latest forex platform provider to integrate  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.

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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.”

Traiana was acquired by ICAP, one of world’s largest inter-dealers, in 2007 and ever since has become an industry standard platform for post-trade processing.

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