Traiana has announced that its Harmony system will expand Nomura's exchange traded derivative (ETD) client service platform.
Nomura’s clients will have the capability to reconcile their executions and allocate across one or more futures commission merchants (FCMs), with real-time clearing status monitoring in Nomura’s client service portal.
Jim Chrystal, co-founder of Traiana, says, “We are excited to work with a market leader like Nomura on this strategic initiative, defining a new standard in post-trade processing and client servicing for the industry.”
High volume clients can be integrated directly into the solution in their preferred protocols and message formats, allowing them to match and allocate their trades electronically. As a result, exceptions and breaks are identified intraday, not end of day, streamlining the clearing and allocation processes.
Michelle Neal, Nomura's global head of Electronic Markets, Futures & OTC Clearing, says, “As clients seek to diversify their clearing amongst a number of providers, automated, real-time post-trade processing is essential to minimise risk and costs. Working with Traiana is another step to keep Nomura’s execution and derivative clearing offerings at the front of the marketplace.”
