In the Harmony section…

Contact Us

For additional information please contact:

 

Tel: +1 646 536 4999

Mail: info@traiana.com

 

Press and Media contact

Mail: media@traiana.com

Reconcile trading partner accounts with your internal systems

 

The Harmony Reconciliation Service (HRS) allows Investment Managers to reconcile trading activities between multiple trading partners e.g. prime brokers, executing dealers, custodians and E-Trading platforms.

 

Trading activities are reconciled for both block and fund level trades. All trading partners are connected using the Harmony Message Center

 

Industry Challenge

The growth of trading partners, electronic connections and trading volumes – along with the requirement to track and report all activity at the fund, as well as trade level – has dramatically increased the trade reconciliation requirement for Investment Managers.

 

Current manual systems for connecting to trading partners and for reconciling are costly, inefficient and highly error-prone.

 

Functionality

The HRS validates all trading activity and provides detailed reporting of give-ups, child trades, and allocations.

 

The service is driven by a robust real-time reconciliation engine that operates on both block and child trades. The reconciliation engine supports all key ypes of reconciliations.

 

For each trading activity, HRS presents the following statuses:

All information is presented in a report that covers both accepted and alleged trades.

 

Harmony Message Center (HMC) electronically integrates participants to receive trading details and confirmation messages. HMC supports all the integrations to executing banks, prime brokers, E-Trading platforms, and custodians. Additionally Message Center supports all key message types including give-ups, allocations, confirmations, reverse give-ups, and status updates.


Benefits to Investment Managers