DealHubâs integration to FX Connect, utilises the features (SONIC-MQ and Web Services) of the new architecture within FX Connect V6 to automatically route a clientâs request for quotes (spot, forwards, NDF or swap) to the Banks pricing engine. Various price sources are currently supported. The spot rate and forward pricing points applicable to each pricing request is obtained and forwarded to the FX Connect trader who can then forward the price to the client.
Completed trades appear within the trading blotter. The system can be configured to suit a traderâs preference of either manually sending completed trades to the Banks downstream system or having them routed automatically.
Completed trades are processed with confirmations sent to FX Connect and an entry created within DealHub for each accepted deal. Once within DealHub FX Connect tickets are processed and forwarded in a similar fashion to tickets from other sources. Each completed trade is uniquely named and duplicate deals are ignored.
All trades details, including price requests, completed trades and component trades from cross trades are stored within the DealHub Archive. With DealHubâs Intervention Engine, dealer intervention is possible, and trade annotation and enrichment is allowed by suitable controlled personnel.
âDealHub FX Connect v6 is an example of how we can provide a smooth upgrade path for existing users of our FX Connect v4 integration, for DealHub users who may not yet be using DealHub to integrate to FX Connect, and for new users who are considering their options, perhaps moving on from a legacy in-house integrationâ says Peter Kriskinans, Managing Director of Option Computers. âThe Autopricing module can be used to draw pricing from the bankâs pricing engine which allows traders to respond quickly where fields are already instantly populated with rates that can then be manipulated in the usual way.â
Dealhub provides the widest range of STP, Chat and Price feed handlers, to accommodate feeds from various venues, including single-bank platforms, multi-bank platforms, FX Portals, in-house trading platforms and Futures Exchanges.