New York, October 1, 2014 – Thalēs Trading Solutions LLC (“Thalēs”) is set to transform the way clients interact with their Banks and Futures Commission Merchants (“FCM”) by leveraging its innovative proprietary technology portal – Harvest. Thalēs is already providing asset managers, institutional investors, merchant firms and utilities with market leading technology and experienced Client Service, Onboarding, and eTrading teams for executing and clearing Futures and Foreign Exchange globally.
Harvest is a high performance application that consolidates Futures and FX data across Banks and FCMs enabling clients to manage a multi-FCM environment and diversify counterparty exposure. Harvest performs true dynamic aggregation, and includes functionality to augment and streamline workflow including a matching engine for reconciliation, an interactive trade allocation tool, and custom data-querying, graphically rich reports, and other unique features. Harvest’s “Notification Center” delivers customized alerts on key trigger events in client accounts. Harvest is a zero footprint system supported by Gravitas, a market-leading provider of technology for the Financial Services industry.
Thalēs’ President and CEO Marc Cohen commented: “Our goal is simple: Enhance our clients’ experience in Futures and FX in any way we can. Combining Harvest with the breadth and depth of Thalēs’ expertise, allows us to deliver a best-in-class platform at no incremental cost to our clients.”
Since the launch of Harvest, sophisticated users have already acknowledged its added value: Magesh Nair, EVP and COO of Castleton Commodities International LLC said, “The Harvest portal provides us a single platform to attain best in class controls efficiently and effectively, while strengthening the relationships that we have with our clearing broker partners”.
When asked what excited him most about Harvest’s potential, Thalēs’ Chief Information Officer, Paul Geiger, had this to say: “The scalability and flexibility are what set us apart, not to mention the speed at which we can operate. In short, it’s our creative freedom, agility, and high level of security that excites me about our product”.
The Harvest technology suite puts an emphasis on minimal on-boarding effort and user friendly functionality. Thalēs’ clients are fully operational with custom reports; reconciliations and exacting requirements with zero build on their side. Harvest was constructed with decades of experience in mind, but operates with the competitive edge of a lean start-up.
Thalēs business model leverages its unique vantage point between broker and client, thereby changing the nature of a traditional Introducing Broker (“IB”) relationship. Service, support and technology have now become the new standard.
About Thalēs Trading Solutions LLC
Thalēs Trading Solutions is a CFTC and NFA registered Independent Introducing Broker that provides a wide range of services to a diversified client base that includes institutional investors, hedge funds, CTAs, commodity merchants, utilities, and family offices. Thalēs’ team is comprised of professionals with an average of 25 years of experience in the industry. Hailing from senior roles at various major banks, and brokerage firms in front office, back office, prime brokerage, technology, and relationship management, the team brings a wealth of knowledge and experience. The company focuses on building strong, long-standing partnerships with clients, who gain access to clearing and execution services provided by top-tier Futures Commission Merchants, while also benefiting from a broad range of Thalēs’ value added services and customized solutions. Founded in 2012, the firm maintains offices in New York, Chicago, and Greenwich, CT.
Source: Thalēs Trading Solutions LLC
Marc Cohen | President / CEO
Thalēs Trading Solutions LLC
+1 (646) 664-0650