Traiana has integrated Asiana FX’s eponymous trading platform with its post-trade processing technology, Harmony Message Centre.??
Through the integration, Asiana FX is now able to offer system-to-system straight-through processing for foreign exchange trades, electronically connecting all counterparties on the platform.
The Asia-focused platform, which provides asset managers, mutual funds and proprietary trading desks with access to over 50 prime brokers and banks, also provides automated notification of fully matched give-up trades and a fully documented XML scheme that describes customer trade flows for all supported transaction types.
Traiana’s Harmony Message Centre provides a real-time, low latency network that centrally manages post-trade processes – from notice of execution to step-in – with a full audit trail. This eliminates the need for companies to build point-to-point integrations between banks, prime brokers and funds, it says.??
Asiana FX’s Korpong Pitinavasakul says, “The Asiana FX platform is well positioned to make a significant foray into the Asian institutional and retail platform marketplace. By using the Harmony Message Center solution, Asiana FX will help our clients recognise greater operational efficiency in their trading activities, while at the same time mitigating risk and reducing costs.”
Nick Solinger, chief marketing officer of Traiana, says, “Our goal for Harmony is to provide buy-side firms with access to every major execution venue, bank and prime broker in foreign exchange via a single connection. The addition of Asiana FX expands the reach of our network and will benefit our mutual clients.”