Traiana tops $52 Billion in daily volume with Harmony
Traiana, Inc. has announced that its Harmony service exceeded $52 billion in volume in a single day on May 17, 2006 and also recently recorded its one-millionth give-up since being launched less than two years ago. These milestones were achieved during a period of ongoing, accelerating growth for Harmony in all key categories.
Gil Mandelzis<br><br>As the strong value of the Traiana Harmony proposition has been established and proven, were seeing several sources of significant growth, including increasing volume from existing customers, new relationships with extreme high-volume participants, steadily increasing ECN flow and growing interest and demand from hedge fund customers, said Traiana CEO and co-founder Gil Mandelzis. Traiana Harmony provides a secure, scalable service to efficiently manage the give-up process between prime brokers, executing banks and ECNs. It transforms the transmission of trade data, streamlining tri-party processes and replacing costly, time-consuming and error-prone data entry.