DealHub launches The FX Distribution Hub

Option Computers Limited or more popularly known as DealHub has decided to launch FX Distribution Hub. This new service will allow customers to price into any FX market through a single interface. Some banks including the top three money makers in the world have already started using FX Distribution Hub to price into trading venues.

Connecting to a core pricing platform of a bank through FX Distribution Hub is as easy as connecting to an already existing API. Through this service, it is possible to route pricing to any multi-bank portal, aggregator, single dealer platform, customer FIX trading API or ECN. The connection is done through DealHub’s popular ultra-low latency adaptors. This service also optimizes the hit ratios and price deliveries. The latency monitoring functionality is in-built and the customers will have full access to infrastructure and business performance across all the venues.

Chris Leaver, the Chief Operating Officer of DealHub, stated that their company is an independent technology provider and by no means, they intend to create another FX ECN. Through their service it is possible for banks to distribute pricing to the chosen venues fast & cost-effectively and that’s the primary goal of this service. The service also comes up with a commercial flexibility so that for users it is convenient to swap one value for the other, based to the evolving strategies. Leaver also added that DealHub has years of experience in helping the customers to distribute low latency pricing and that has been implemented in this new Hub.

The FX Distribution Hub is hosted in New York and London based data centers of NY4 and Equinix respectively. According to reports, DealHub is planning to come up with an Asian hub within the next few months as well. If a bank wishes to retain the infrastructure in-house, it is possible by installing a locally deployed and managed version of the FX Distribution Hub.

The Hub distributes ready-formed prices to numerous venues and thereby returns the credit messages or fills, based on the exact requirement. Because of the integration of the Hub with DealHub trade-lifecycle solutions’ full stack, the service can actually be extended for covering an entire ecommerce workflow as well. The technology used for this service is completely compatible with a third-party or an existing in-house infrastructure.

Option Computers Limited or more popularly known as DealHub has decided to launch FX Distribution Hub. This new service will allow customers to price into any FX market through a single interface. Some banks including the top three money makers in the world have already started using FX Distribution Hub to price into trading venues.

Connecting to a core pricing platform of a bank through FX Distribution Hub is as easy as connecting to an already existing API. Through this service, it is possible to route pricing to any multi-bank portal, aggregator, single dealer platform, customer FIX trading API or ECN. The connection is done through DealHub’s popular ultra-low latency adaptors. This service also optimizes the hit ratios and price deliveries. The latency monitoring functionality is in-built and the customers will have full access to infrastructure and business performance across all the venues.

Chris Leaver, the Chief Operating Officer of DealHub, stated that their company is an independent technology provider and by no means, they intend to create another FX ECN. Through their service it is possible for banks to distribute pricing to the chosen venues fast & cost-effectively and that’s the primary goal of this service. The service also comes up with a commercial flexibility so that for users it is convenient to swap one value for the other, based to the evolving strategies. Leaver also added that DealHub has years of experience in helping the customers to distribute low latency pricing and that has been implemented in this new Hub.

The FX Distribution Hub is hosted in New York and London based data centers of NY4 and Equinix respectively. According to reports, DealHub is planning to come up with an Asian hub within the next few months as well. If a bank wishes to retain the infrastructure in-house, it is possible by installing a locally deployed and managed version of the FX Distribution Hub.

The Hub distributes ready-formed prices to numerous venues and thereby returns the credit messages or fills, based on the exact requirement. Because of the integration of the Hub with DealHub trade-lifecycle solutions’ full stack, the service can actually be extended for covering an entire ecommerce workflow as well. The technology used for this service is completely compatible with a third-party or an existing in-house infrastructure.