The integrated solution will automate the give-up process in the foreign exchange prime brokerage community, electronic communications networks and single dealer platforms. The straight-through processing this will offer SunGardâs Sierra customers will help them to save costs, reduce risk and gain transparency. In addition, transactions can be reconciled via Traianaâs Harmony in real-time with external parties. SunGardâs Sierra solution can be hosted on an application service provider (ASP) basis or deployed as an on-premises licensed version.
Illit Geller-Gurfinkel, executive vice president of business development at Traiana, said, âWe are pleased to be working together with SunGard. The combination of Traiana Harmonyâs end-to-end post-trade solutions and SunGardâs Sierra trading, risk and position management solution will help to improve efficiency and encourage the use of best of breed technology in the FX market.â
Jim Dennelly, senior vice president of Sierra at SunGardâs capital markets and investment banking business, commented, âWe continue to find ways to provide our customers with the best possible service and solutions. The integration with Traianaâs Harmony network will mean that we can provide post-trade processing for foreign exchange trades directly to our customers, which will help them gain processing efficiencies and reduce cost. Traianaâs FX processing expertise, coupled with SunGardâs capability in risk management, will help us offer a complete trading solution to our customers.â