Using Traiana Harmony, Nomuraâs clients will have the capability to reconcile their executions and allocate across one or more futures commission merchants (FCMs), with real-time clearing status monitoring in Nomuraâs client service portal. In addition, high volume clients can be integrated directly into the solution in their preferred protocols and message formats, allowing them to match and allocate their trades electronically. As a result, exceptions and breaks are identified intraday, not end of day, streamlining the clearing and allocation processes.
Michelle Neal, Nomura's Global Head of Electronic Markets, Futures & OTC Clearing, said: âAs clients seek to diversify their clearing amongst a number of providers, automated, real-time post-trade processing is essential to minimize risk and costs. Working with Traiana is another step to keep Nomuraâs execution and derivative clearing offerings at the front of the marketplace.â
Jim Chrystal, Co-Founder, Traiana, said, âWe are excited to work with a market leader like Nomura on this strategic initiative, defining a new standard in post-trade processing and client servicing for the industry.â