Post-trade and risk services provider, Traiana, has expanded Harmony ClientLink’s cross-asset capabilities to include the cash equities and fixed income markets with a number of brokers.
Harmony CreditLink now offers a comprehensive cross-asset straight through processing (STP) and allocation platform for banks, brokers and buy-side firms. The offering provides executing brokers and prime and clearing brokers with a full client service that automates allocation, confirmation and matching processes.
There are currently more than 1,000 client connections across FX, exchange traded derivatives, equity swaps, cash equities and fixed income.
There has been an increase in the number of buy-side companies moving to standardised their processes with the adoption of Fix and Swift protocols, therefore, Traiana has developed the integrated Fix and Swift gateway through Harmony ClientLink to ensure that the shifting technology requirements from clients are being met.
Roy Saadon, co-founder and head of EMEA at Traiana, says, “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.”