FX news: Galle sings in Harmony
Galle Global Macro Partners, a global hedge fund that started up earlier this year, are the latest firm to connect to Traiana’s Harmony network.
Harmony, which provides real-time post trade processing and risk reduction for FX, futures and equity, currently connects over 500 firms, including banks, brokers, platforms, third-party and buy-side firms.
Thomas Barket, COO of Galle Global Macro Partners, says: “At Galle, we’re committed to adopting industry standards throughout all stages of the trade lifecycle. The Harmony solution provides the advanced post-trade technology we need to reduce operational risk, increase efficiency and, ultimately, help us to better serve our investors.”
Roy Saadon, co-founder and general manager of Harmony at Traiana, says: “Traiana remains committed to reinventing the post-trade process. Today, clients can now expect the same advanced post-trade infrastructure in futures and equities as they do in foreign exchange.”