Traiana equips Prime and Clearing Brokers with a standardized pre- and post-trade processing workflow for all counterparties and asset classes. Seamless, global and fully-managed connectivity, including sophisticated messaging normalization, enables the highest level of client servicing.
Traiana’s suite of automated solutions – including intelligent matching, give-up processing and month-end resets – reduce the time, cost and risk of settlement and facilitate T0 trade finality, across:
Messaging & Normalization
Traiana’s universal data translation and established market-wide connectivity enable Prime and Clearing Brokers with seamless, low latency messaging to counterparties and market constituents – whatever their preferred format.
Linking over 1,000 Buy-side firms, Sell-side institutions, Venues, Brokers, CCPs and Repositories, Traiana’s automated solutions translate and normalize inbound and outbound data into the recipients’ desired formats – including Excel, PDF, CSV, XML and Email, 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 / limit utilization across the market – enabling them to manage market risk using the most accurate data available.
Delivered through a rich and intuitive GUI dashboard, Traiana’s solution enables granular drilldown into data for improved control over exposure; automated and standardized contract management with Designation Notice Manager; pre-acceptance checking; bulk update and termination of unwanted credit; and near-instant enforcement time with KillSwitch on global venues. Traiana provides Prime and Clearing Brokers with the safeguards needed to onboard sophisticated Buy-side clients, particularly HFT and algorithmic firms, with a clear audit trail.
Allocation & Confirmation
Through Traiana, Brokers can consume and confirm counterparties’ cross-asset allocations through a streamlined and automated workflow.
Leveraging established connectivity globally, low-latency messaging and seamless file translation, the result is an accurate, efficient and scalable process, which is standard for all counterparties however they allocate – facilitating STP and T0 finality of trade, and dramatically reducing cost and risk for all counterparties.
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 identification of breaks and cost-effective resolutions – with Primary and Secondary matching fields to enable force matching where required. Presented through a rich and intuitive GUI dashboard, the solution also enables granular drill-down into clients’ allocation data – improving visibility and providing a clear audit trail.
Aggregation & Netting
Traiana’s robust and scalable Aggregation and Netting solutions enable Prime and Clearing Brokers to compress multiple trades into more efficient ‘net’ positions – improving efficiency, cutting costs and freeing up processing capability, while at the same time maintaining visibility and control over component trades.
OTC Clearing Connectivity
Traiana’s trusted Clearing solutions enable Brokers to minimize risk and reduce the cost of settlement – for both themselves and their clients – 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 their cross-asset clearing obligations – with peace of mind that their solutions are future-proofed against the continuously evolving regulatory landscape.
Trade Lifecycle Management
Traiana enables Prime Brokers to provide clients with accurate monthly and daily reconciliations on long-term contracts across their entire lifecycle, normalized into a standard format across the Prime Brokers.
The slow, inefficient and costly process of reconciling monthly P&L on long-term contracts, e.g. Swaps, is replaced with an automated, day-to-day workflow: minimizing risk, removing inaccuracies, reducing frequency of breaks, freeing operational resource, and opening a route towards a common market standard.
Accurate, standardized and up-to-date reports on trade performance enables Brokers to deliver a higher level of client service – delivering better management of breaks for trades held on a long dated contract.
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 Broker institutions 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 Prime and Clearing 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 and errors that might delay a payment – both internally with a Brokerage as well as within clients’ systems.