Traiana streamlines Banks and Brokers’ middle office, reducing the cost, time and risk of manual processing: post-trade STP from real-time NOEs across multiple platforms, through to automated T0 matching to reduce CCP settlement fees. Normalized messaging drives efficient onboarding and seamless communication with clients – from sophisticated FIX-enabled firms to those still emailing allocations.
The Harmony network includes a comprehensive suite of regulatory and compliance solutions: pre-acceptance credit checking, low-latency connectivity to clearers, and regulatory trade reporting across a range of supported models. This enables Banks and Brokers to deliver the highest level of client service, improve efficiencies, reduce costs, minimize risk and replace manual processes, across:
Messaging & Normalization
Traiana’s established market-wide connectivity and universal data translation removes the need for point-to-point linkages with counterparties, streamlines communication, and enables a higher level of client service.
Linking over 1,000 Buy-side firms, Sell-side institutions, Venues, Brokers, CCPs and Repositories, Traiana’s automated solutions can translate and normalize Excel, PDF, CSV, XML and Email into these participants’ desired format. With additional FIX and SWIFT interoperability, this improves efficiency and drives cost reductions across the workflow.
Pre- & Post-trade Credit & Risk
Traiana provides clients with up-to-date, intra-day visibility into their credit exposure and counterparties’ limit utilization across the market – enabling them to manage counterparty risk across trading venues and asset classes.
Leveraging and integrating with Traiana’s flexible Designation Notice management tools, the solution drives common standards for documentation across all client relationships. Accurate credit visibility is complemented by granular drilldown into data through a rich GUI dashboard – putting participants in control of credit and credit risk.
Allocation & Confirmation
Through Traiana, Banks and Brokers can issue and consume cross-asset allocations and confirmations as part of a streamlined and automated workflow – standardized for all clients and counterparties however they allocate.
Leveraging low-latency messaging and seamless file translation, the result is an accurate, efficient and scalable process – facilitating STP and T0 finality of trade, and dramatically reducing the likelihood of errors, operational cost and counterparty risk.
Traiana’s intelligent, automated and cross-asset Matching engine facilitates STP and the drive towards T0 trade finality – complemented by Harmony’s trusted low-latency network of market participants around the world.
The scalable, exception-based process drives fast processing and agreement of trade data – reducing the amount of capital tied up in trades pre-settlement, removing the need for ‘Carte Blanche’, and enabling Banks and Brokers to minimize the reputational risk associated with mismatching against data submitted by clients.
Aggregation & Netting
Traiana’s robust and scalable Aggregation and Netting solutions enable Banks and Brokers to dramatically improve efficiency, cut costs and free up processing capability – while maintaining visibility and control over component trades.
OTC Clearing Connectivity
Traiana’s trusted Clearing solutions enable Banks and Brokers to minimize risk and reduce the cost of settlement, through low latency and resilient connectivity to providers of central clearing services across the world.
As a strategic technology partner to market participants around the world, Traiana’s offerings empower clients to meet and comply with cross-asset clearing requirements – providing peace of mind that their solutions are future-proofed against the continuously evolving regulatory landscape.
Trade Lifecycle Management
Traiana enables Banks and Brokers to provide easy-to-consume monthly and daily reconciliations on long-term contracts across their entire lifecycle – providing Buy-side clients with standardized and universal reports.
Slow, inaccurate and costly manual processes are replaced with an automated workflow: minimizing risk, removing errors, reducing frequency of breaks, freeing operational resource, and opening a route towards a common market standard.
Additionally, by providing accurate and up-to-date visibility into trade economics based on intra-day reports, Traiana equips Banks with improved understanding of risk for trades executed on top of the underlying swap.
Regulatory Trade Reporting
Traiana enables clients to submit compliant reports in an efficient, scalable and cost-effective way. Supporting Direct, Delegated and Client-sharing reporting models, the solution enables Banks and Brokers to report on their clients behalf, or to empower clients with the ability to report for themselves, as desired. The solution leverages robust connectivity to Repositories across the world, as well as universal file transformation and normalization.
Brokerage & Invoice Processing
Traiana enables Banks and Brokers to establish a single, consolidated and streamlined workflow for brokerage and invoice processing with clients and counterparties – replacing slow, inaccurate and inefficient manual models.
The solution enables financial market participants to minimize operational inefficiencies that can result in delayed payment – both internally within Banks’ infrastructures as well as inside clients’ systems. This ensures that capital is available to seize opportunity whenever it presents itself – reducing the risk of missing out.