Traiana launches the Harmony Allocation Service
First Published by e-Forex News: April, 2007
Traiana Inc. announced the release of its Harmony Allocation Service. The Harmony Allocation Service directly captures fund allocation information from Asset Managers, matches the allocation request to the banks internal deal ticket and then manages the booking process to allocate down the bulk execution. The service eliminates the need for manual input and significantly increases operational efficiency.<br><br>The Harmony Allocation System allows a banks clients to get complete STP post-allocation on all deals. All trading partners are connected to the Allocation Service using Harmony Message Center, a central hub that is the industry standard for post-trade processing of foreign exchange.