Portware FX integrates with Traiana

Finextra reports:

Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions has become the latest Forex platform provider to integrate with Traiana's Harmony Network, the industry-leading platform for post-trade processing of over-the-counter (OTC) foreign Exchange trades. This partnership will allow Portware FX clients to streamline post-trade processing and settlements with counterparties, resulting in lower operational risk and reduced trading costs.

Portware FX is built on an open and highly flexible trade architecture which allows for seamless integration with third-party and proprietary workflow applications. This flexibility allows clients to develop comprehensive straight through processing (STP) solutions that increase workflow efficiencies and reduce operational overhead.

Illit Geller, Vice-President Business Development, Traiana, Inc., comments: "As algorithmic FX trading volumes continue to rise, firms are looking for highly efficient and scalable trade processing solutions. 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."

Traiana was acquired by ICAP, one of world's largest inter-dealers, in 2007 and ever since has become an industry standard platform for post-trade processing.