Traianaâs sell-side customers will benefit from a comprehensive post-trade solution and an expanded network, resulting in simplified and streamlined post-trade processes, reduced operational risk, and improved client service.
Following the launch of the solution for FX, State Street and Traiana will continue to enhance the confirmation service by expanding this functionality across additional asset classes.
Gil Mandelzis, CEO of Traiana, says âConfirmation processing remains a costly and complex process for global banks and buy-side firms, with the proliferation of confirmation venues and processes only worsening the situation. By working together with State Street and our major clients, we can now realize the opportunity to electronically confirm all FX products in real-time, reducing costs and risk in FX markets and opening up greater trading opportunitiesâ.
The combined solution will be immediately available to the broad buy- and sell-side community, and ultimately will be available across multiple asset classes.