Harmony Equities - Cash and CFD Equity Swaps
Harmony Equities is an electronic messaging solution designed to meet the unique needs of the cash equities and CFD equity swaps markets. By providing a central, automated and secure post-trade management service to buy- and sell-side firms, the cost and complexity of post-trade processing is dramatically reduced. Harmony Equities provides a complete range of cross-asset post-trade services, including STP, allocations, confirmations, reconciliation, central counterparty connectivity, reporting and analytics.
Harmony Equities for cash equities is a post-trade portal and service for executing banks, prime brokers, custodians and buy-side firms that automates the affirmation and allocation process enabling centralized access across all trade counterparties. Web-based and scalable, the service provides clients with a true STP solution, reducing market and operational risk. Through intra-day reconciliation, trade breaks are discovered immediately and errors that can arise from manual processing are eliminated.
Harmony Equities for CFD equity swaps is the market standard for the post-trade processing of high volume CFD equity swaps trading in the UK and Europe, and is currently being used by all major swap counterparties / prime brokers and over 60 executing brokers. Buy-side firms are also a part of the Harmony network and use the system for their CFD post-trade management through the provision of real-time allocations, confirmations and reconciliation. Available via the web, Harmony allows new users to connect quickly and easily so they can hit the ground running, and realize immediate and tangible business benefits.
As buy-side firms diversify their business across multiple swap counterparties/prime brokers, the complexity of managing these relationships has increased dramatically. As complexity has increased, it has become apparent that the manual processes of the past must be replaced with real-time automated solutions.
As clients demand more and more from trading partners, an effective post-trade STP service that increases operational efficiency while reducing risk is an essential ingredient for providing top-quality customer service.
Varied and inconsistent communication between the buy-side, prime brokers/swap counterparties and executing brokers presents a significant operational challenge for all parties.
