Massive levels of FX trading activity sends daily volumes past USD 120 billion on the Traiana Harmony system

London - 2 April 2007

Massive levels of currency trading across the global FX market have driven average daily volumes across the Traiana Harmony network past USD 120 billion a day.

Traiana Harmony provides post-execution STP for the FX market linking ECNs,
dealers, prime brokers and custodians.

The system provides a secure, scalable service to manage the give-up process
between prime brokers, executing banks and electronic communication networks
(ECNs) trading a range of global currencies.

Year-on-year volumes across the system have risen more than 350 per cent
from 2006 levels , to an average of more than USD 120 billion a day. Monthly
trade volumes processed by Traiana Harmony broke the USD 1 trillion mark in
November 2006 and have grown to USD 1.5 trillion per month in March 2007

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.

Traiana Harmony transforms the transmission of trade data, streamlining
tri-party processes and replacing costly, time-consuming and error-prone
data entry.

Gil Mandelzis, Chief Executive Officer, Traiana, said: "The growth we're
witnessing is unprecedented but not unexpected. Foreign exchange continues
to attract investors for a range of trading strategies, from speculation and
investment in currencies as asset classes, to risk management or currency
buying to service client business.

"The growing amount of post trade activity we're handling is reflective of
the market's activity as a whole."

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