Nomura has selected Traiana Harmony from post-trade processing technology and services vendor Traiana to expand its exchange-traded derivatives client service platform.
Harmony allows execution reconciliation and allocation across multiple futures commission merchants (FCMs), and monitors clearing status in real-time for Nomura clients. Those trading with high volumes can also be integrated into the system with specific mechanisms for messaging and protocols, allowing for intraday exception and break identification.
"As clients seek to diversify their clearing among a number of providers, automated, real-time post-trade processing is essential to minimize risk and costs," says Michelle Neal, global head of electronic markets, futures and over-the-counter (OTC) clearing at Nomura.
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