Efficiency and accuracy are critical in dynamic trading environments. However, trading still depends on manual processes and fragmented workflows, which hinder efficiency.
Harmoney's AI-powered ticketing feature addresses these challenges, offering an innovative approach to reduce manual intervention and improve trade efficiency.
AI-powered Trade Capture
The advanced AI identifies keywords as per market convention from chats on Harmoney to recognize a closed deal. The auto-generated trade ticket includes:
- Counterparty Details: Information about the buyer, seller, and the broker.
- Trade Information: Quantity, name, and price of the traded security.
- Total Consideration Breakdown: Detailed breakdown of total consideration.
- Settlement Details: Details about the exchange and type of trade (RFQ/reported, OTO/OTM).
How It Works
AI-powered trade capture simplifies and accelerates the trading process by auto-capturing details from chat. Brokers can review and edit details for accuracy before finalizing the ticket. Any discrepancies are resolved within 15 minutes.
Once both counterparties confirm the trade ticket, the trade is matched on the RFQ platform and reflected on Harmoney.
Additionally, traders can download the trade CSV from Harmoney and upload it directly into their OMS/TMS for further processing.
Benefits of the Chat and AI Ticketing Feature
This solution is designed for easy coordination between trade participants, ensuring efficiency for all stakeholders.
For Clients:
- Automatic data capture from chat: Trades are auto-captured from chat and formatted for easy upload into your Order Management System
- No need for multiple logins: A single screen eliminates the need for separate log-in to multiple exchanges.
For Brokers:
- Better coordination: Clients receive prompt notifications - making coordination between counterparties easier and more efficient.
Final Notes
Harmoney's AI-powered ticketing automates trade capture, improving accuracy and efficiency. This feature reduces manual tasks and simplifies workflows, ensuring market participants can focus on trading.
Get in touch with your Relationship Manager or contact us for any questions or follow-ups at sales@harmoney.in