360T joins Traiana Harmony for post trade foreign exchange efficiencies

New York/London - 2 November 2007

Traiana, providers of post-execution services for the global foreign exchange market, is working to introduce post trade efficiencies for 360T FX trading clients.

360T provides a range of FX tools for both buy and sell side across FX spot, forward, swaps and options, short term money market, interest derivatives and other financial instruments.

Through its Multibank Portal TEX® Multidealer Trading System and FX Spot aggregator Supersonic TEX®, 360T provides trading technology for over-the-counter (OTC) financial instruments including aggregated executable streamed prices from multiple stream providers, so clients can view and execute full market depth in the major FX currency pairs.

Traiana Harmony is the global leader in STP solutions for trade processing and provides global banks, broker/dealers, buy-side firms and e-trading platforms with solutions to automate post trade processing of financial transactions.

The Traiana Harmony network is used by over 50 of the world's leading banks and has become the market standard for post trade processing of FX transactions. Traiana’s technology is used to process tens of thousands of deal tickets every day and contributes to the orderly growth of the global financial markets.

“We are pleased to provide our clients with seamless STP to Traiana Harmony, which we perceive as an important step to match the need of a growing number of our users to streamline their netting, matching and settlement processes”, says Christoph Perger, Managing Partner of 360T and CEO for North and South America.

Traiana Harmony provides a secure, scalable STP service to automate and efficiently manage trade notifications between electronic platforms and the internal systems of their clients. With experience connecting hundreds of clients, Traiana Harmony can rapidly onboard with any client format and connectivity method.

Harmony is an execution independent central hub that replaces the manual processing with a single point of connection for all participants. Harmony has transformed the transmission of trade data, streamlining trade notification and tri party give-up processes and replacing costly, time-consuming and error-prone data entry. The Harmony network includes all major trading banks and e-Trading platforms.

Gil Mandelzis, CEO, Traiana said: “We are excited to extend our industry solution to 360T as they bring new technology capabilities to the market. We look forward to supporting their growth with Harmony’s post trade efficiencies.”

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