Post-trade processing, client servicing and trading partner
integration solutions for financial institutions.

Traiana, Inc. Tops $52 Billion in Daily Volume with Harmony

Traiana Harmony service also reaches one millionth give-up milestone

Industry standard for FX give-ups exceeds 200 percent quarter-on-quarter volume growth

 

(New York, June 01, 2006) Traiana Inc. announced that its Harmony service had exceeded $52 billion in volume in a single day on May 17, 2006 and had also recently recorded its one-millionth give-up since being launched less than two years ago.  These milestones were achieved during a period of ongoing, accelerating growth for Harmony in all key categories, including overall message volume, ECN volume, as well as the number of trading partner relationships logged in the system.

 

Traiana Harmony provides a secure, scalable service to efficiently manage the give-up process between prime brokers, executing banks and ECNs. All trading partners are connected using the Harmony Message Center, a central hub that provides a single point of connection, replacing the manual processing of give-ups and the use of multiple interfaces.  Traiana Harmony transforms the transmission of trade data, streamlining tri-party processes and replacing costly, time-consuming and error-prone data entry.

 

“While both the $50 billion in daily volume and one-millionth give-up are nice, round numbers, we’re far prouder of the continued support for the system across the prime broker community,”  said Traiana CEO and co-founder Gil Mandelzis.  “As the strong value of the Traiana Harmony proposition has been established and proven, we’re seeing several sources of significant growth, including increasing volume from existing customers, new relationships with extreme high-volume participants, steadily increasing ECN flow and growing interest and demand from hedge fund customers, all indications are that this trend will only improve in the coming months and years”.

 

About Traiana Inc.

 

Traiana Inc. (www.traiana.com) provides global banks and broker/dealers with solutions to automate post trade processing of financial transactions I to improve relationships between trading partners and clients, reduce operational risk, and to lower costs. Traiana’s FX Prime Brokerage solution, and the Traiana Harmony™ service for automating prime brokerage give-ups, are in use today by leading prime brokers, executing banks, buy-side firms and ECNs throughout the world. Traiana is headquartered in New York City with offices in London and Tel Aviv.

 

Copyright © 2006 Traiana an ICAP Group Company