Traiana has announced that Nomura has signed on to provide straight-through processing (STP) for their institutional clients using Traiana Harmony. Traiana Harmony provides a scalable and low cost STP solution which will allow Nomura to rapidly deploy STP to their bank, algorithmic trading, hedge fund and asset management client base. Nomura chose Traiana Harmony for its ability to adapt to clients needs and requirements - connecting to Harmony requires no software installation, IT investment or systems upgrades - it supports all common industry formats and has a vast library of pre-built connectors to speed adoption. Using Traiana Harmony, Nomura plans to extend STP capabilities to its clients, providing them with an STP service that increases operational efficiency while reducing risk.
Additionally, clients of Nomura will have the ability to tap into the breadth of services on Harmony to enhance their post-trade processes. Once on boarded with Harmony, Nomura's clients will be able to easily send and receive trade notifications from the Harmony network of banks, brokers, and platforms, while enhancing their post-trade flows with real-time services such as matching, credit monitoring and reporting.
Martin Zinkin, head of Fixed Income E-Trading at Nomura says the move is in keeping with the bank's commitment to provide top-quality customer service to its clients. "Using Traiana's technology, our clients will be able to directly receive trades in real-time, without the costs and risks associated with manual re-keying. Our clients can be connected quickly and easily, and thus will be free to focus on their core business rather than spend time and money on post-trade processes".