FlexTrade Systems and Traiana Harmony have teamed up to expand algorithmic trading for FX Prime Brokerage, creating a new automated direct link between the two companies that will improve STP connections for both sell- and buy-side firms.
Traiana Harmony has extended its service into algorithmic trading with the integration of Flextrade to provide value to both sell-side and buy-side firms. Prime brokers connected to the Traiana Harmony network will be able to offer their clients straight-through-processing of algorithmic trades all the way through to booking.
Furthermore, trading firms can now take advantage of algorithmic trading without incurring the additional costs that come with increased volume and complexity, Flextrade said. STP automation reduces errors, increases efficiencies, and expands the capacity of buy- and sell-side participants to handle increased order flow.