C-View implements Harmony Reconciliation Service
First Published by e-Forex News: January, 2007
Traiana Inc. has announced that UK-based C-View is the first currency hedge fund to implement its Harmony Reconciliation Service, which allows investment managers to reconcile trading activities between internal systems and multiple trading partners. Harmony Reconciliation went live in September at C-View, a foreign exchange-focused managed account and fund firm.<br>
With Harmony Reconciliation, trading activities are reconciled to both block, fund and managed account level between investment managers and such participants as prime brokers, executing dealers, account banks and custodians. All trading partners are connected using the Harmony Message Center, a central hub that provides a single point of connection, replacing the manual processing of give-ups and the use of multiple interfaces. Harmony transforms the transmission of trade data, streamlining tri-party processes and replacing costly, time-consuming and error-prone data entry.