Trading technology provider Portware has teamed up with post-trade solutions firm Traiana to ease back-office processes for users of its Portware FX trading platform.
Portware FX has now been integrated with Traiana’s Harmony Network, a post-trade processing platform for over-the-counter FX trades. According to Portware, the partnership will allow users of its FX platform to streamline post-trade processing and settlements with their counterparties, which will result in lower operational risk and reduced trading costs.
Portware FX’s use of open trade architecture enables integration with third-party and proprietary workflow applications. The platform provides a real-time, aggregate view of the FX market coupled with an algorithmic engine.
“As algorithmic FX trading volumes continue to rise, firms are looking for highly efficient and scalable trade processing solutions,” said Illit Geller, vice president, business development, Traiana. “Integrating with Portware FX brings increased post-trade efficiencies to our joint clients, delivering a complete front-to-back solution that addresses their most complex trading and STP requirements.”
“Our partnership with Traiana gives users a turnkey post-trade solution for automated settlement and reconciliation,” said Ary Khatchikian, president and CTO, Portware.