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 is a technology-driven derivatives brokerage and capital raising firm servicing institutional market participants. Our team is comprised of experienced practitioners joining from senior roles in prime brokerage, investment management, capital raising, technology, and operations, who are committed to helping our clients succeed. We deploy innovative technologies which, combined with our service platform and expertise, help our clients enhance their trading infrastructures and grow their assets under management. We believe that priority service, access to expert advice, operational mentorship, and automated workflow solutions are critical to the success of our brokerage clients. We help hedge funds shape their stories, refine their strategic plans, and develop the processes required to efficiently raise capital. Founded in 2012, Thalēs is headquartered in New York and has offices in Chicago.
Source: Thalēs Trading Solutions LLC
Marc Cohen | President / CEO
Thalēs Trading Solutions LLC
+1 (646) 664-0650