Traiana Reports Threefold Growth on Harmony Equity Swaps Offering

Traiana, an ICAP company which is a provider of pre-trade risk and post-trade processing solutions, today reported a threefold growth in allocation volumes via its Harmony 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 service as clients embrace the post-trade efficiencies that it provides during a period of regulatory change.

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The company’s Harmony Equity Swaps solution reduces the cost and complexity of post-trade processing for the contract for difference/equity swaps market by providing a central, automated and secure electronic messaging and matching service to buy and sell side firms, outsourcers, trade repositories and CCPs.

Solid Growth

The company, which recently added Barclays and UBS on Harmony CCP Connect for Equities, said that the platform achieved growth of 185 percent between May 2015 and May 2016, following strong growth of 144 percent compared with the same period the previous year.

Growth is reported to have been particularly strong in the Asia-Pacific region, with volumes making up 26 percent of the total, compared with just 2 percent two years ago as global brokers and local brokers in Australia, Hong Kong and Japan join the Harmony network.

This reflects the strong adoption of electronic trading in this market, increased access by global 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, growing volumes in the give-up market and an increased focus on straight-through-processing services by global synthetic equity prime brokers.

Laura Craft, Director of Product Strategy for Equity & Fixed Income at Traiana, commented: “The strong growth in allocation volumes via the Harmony Equity Swap service highlights the value that Harmony and automation more generally can bring to this market, which has traditionally been manually intensive. We also see this growth as a validation of Traiana’s cross asset expansion strategy as we continue to move into new asset classes.”