Traiana Looks Beyond FX: Company Expands ClientLink STP Into Cash Equities and Fixed Income
- Traiana has today announced that it is expanding its Harmony ClientLink STP product to service over 1,000 client connections across multiple asset classes.
Post-trade and risk solutions provider Traiana has today announced that it has expanded Harmony ClientLink’s cross-asset capability to the equities and fixed income markets with a number of leading brokers.
As a result, Harmony ClientLink, the firm’s institutional straight-through-processing solution (STP), now offers a fully comprehensive cross-asset and allocation platform to banks, brokers and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms.
This will automate allocation, confirmation and matching processes and has more than 1,000 client connections across FX, exchange traded derivatives, equity Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, cash equities and fixed income.
This expansion represents a further display of Traiana’s intention to expand its reach beyond the FX space, following its creation of the Harmony cross-institution network that connects prime brokers, EBs and buy-side clients.
Expansion: FX and Beyond
As more and more buy-side firms are standardizing their processes using protocols such as FIX and SWIFT as a result of which industry messaging standard FIX Protocol began its entry into the post-trade space early this year, Harmony ClientLink offers an integrated FIX and SWIFT gateway to support these changing client technology demands. ClientLink enables the broker to maintain internal STP regardless of client messaging preference and without any internal system development.
Featuring a new message transformation infrastructure, clients can be set up in minutes to send and receive their trade information in their own format and language, including any structured or unstructured message type, including formats such as e-mail, PDF, CSV or proprietary formats used by many others.
Roy Saadon, Co-Founder and Head of EMEA, Traiana said in a corporate statement: “As buy-side clients continue to move from legacy electronic trade confirmation services towards standards like the FIX protocol, brokers are looking for rapid and cost efficient services such as Harmony ClientLink to help facilitate this transition and reduce costs for the market.”
Post-trade and risk solutions provider Traiana has today announced that it has expanded Harmony ClientLink’s cross-asset capability to the equities and fixed income markets with a number of leading brokers.
As a result, Harmony ClientLink, the firm’s institutional straight-through-processing solution (STP), now offers a fully comprehensive cross-asset and allocation platform to banks, brokers and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms.
This will automate allocation, confirmation and matching processes and has more than 1,000 client connections across FX, exchange traded derivatives, equity Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, cash equities and fixed income.
This expansion represents a further display of Traiana’s intention to expand its reach beyond the FX space, following its creation of the Harmony cross-institution network that connects prime brokers, EBs and buy-side clients.
Expansion: FX and Beyond
As more and more buy-side firms are standardizing their processes using protocols such as FIX and SWIFT as a result of which industry messaging standard FIX Protocol began its entry into the post-trade space early this year, Harmony ClientLink offers an integrated FIX and SWIFT gateway to support these changing client technology demands. ClientLink enables the broker to maintain internal STP regardless of client messaging preference and without any internal system development.
Featuring a new message transformation infrastructure, clients can be set up in minutes to send and receive their trade information in their own format and language, including any structured or unstructured message type, including formats such as e-mail, PDF, CSV or proprietary formats used by many others.
Roy Saadon, Co-Founder and Head of EMEA, Traiana said in a corporate statement: “As buy-side clients continue to move from legacy electronic trade confirmation services towards standards like the FIX protocol, brokers are looking for rapid and cost efficient services such as Harmony ClientLink to help facilitate this transition and reduce costs for the market.”