Automate the booking of client allocations

Harmony Allocation Service automates the in-bound booking of client allocations into the bank and provides immediate confirmation with the client when combined with the Harmony Confirmation Service.

Harmony Allocation Service’s sophisticated processing automates the trade booking flow, replacing the block trade with the allocations while managing sales credits and overlay requirements. Counterpart connectivity is done through the Harmony Message Center.

Industry Challenge

The wide array of trading strategies and reporting standards leveraged by the buy-side community make allocation automation a real challenge. Solving the problem client-by-client is inefficient and costly. Similarly, manually processing the data is error prone, inefficient and difficult to scale.

In response to the challenge, Traiana has launched the Harmony Allocation Service an industry utility that creates a network of Investment Managers and their Banks. A utility to standardize trade ticket data and automates the inbound processing flow.

Functionality

The Harmony Allocation Service provides the following:

Direct integration of counterparties with Harmony Message Center
Powerful Trade Capture
Flexible adaptor tool kit for almost any type of message, file or feed including; Excel, CSV, XML, MQ, TOF, FIX, Fixed files and custom connectors.
Matching – the internal block trade is matched to the client allocation tickets.
Trade enrichment – sales credits, booking, cover rates and other information are automatically applied to the individual allocation tickets
Reporting and Exception Notification – Real-time trade management highlights exceptions and provides full audit trail

Benefits

Enhanced client servicing
Increased productivity
Reduced operational costs
Single point of integration