More NewsHotspot FXi and Traiana Partner to Offer STP for Foreign Exchange Trades

Hotspot FXi and Traiana Partner to Offer STP for Foreign Exchange Trades

Traiana, a US relationship management solutions provider, and Hotspot FXi have announced a partnership to bring an integrated solution for clients and prime brokers trading on Hotspot FXi’s electronic communications network. By creating a secure interface between Hotspot FXi’s platform, Traiana’s trading relationship management software and the Traiana Harmony service, foreign exchange prime brokers can receive Hotspot FXi deal confirmations from their clients and executing banks electronically, according to the firms involved. The integration is expected to lower operating expenses by 40-60 per cent by automating the entire trading relationship, across asset classes, with clients and counterparties. For institutional investors executing trades over Hotspot FXi, Traiana’s TRM software will securely receive Hotspot FXi trades, and deliver trade information to the prime broker’s back office systems, providing the institutional investor with increased efficiencies, improved reporting and reduced operational risk for all participants in the trade.

Comments are closed.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

2y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y