DealHub

The Leading Foreign Exchange STP, Integration, Overview, Trading Connectivity and eFX Price Distribution Solution for Financial Markets

Client STP

DealHub’s Client STP solution allows Banks to send trade confirmations to clients trading over their single dealer platform, API, multibank ECN and phone. The solution offers a range of integration possibilities on the client site, and e-mail confirmation.

The solution consists of three core elements:

A client-side STP service, which resides at each of the clients, which will receive, store and forward tickets. This service could also be a FIX Drop-copy solution
A Bank-side Publishing service, which is located within the bank and feeds tickets, via the messaging middleware to each of the connected clients
Messaging Middleware which acts as the pipeline between the Bank-side service and the client-side service

Once the trade is completed by phone, selected eCommerce platform or FIX API, the bank will publish the completed ticket through DealHub to the customer site using one (or more) of the following methodologies:

Using TOF over the internet.
Using a FIX API, DealHub ‘drops’ a copy of the ticket to the client specified location for onward transmission to downstream systems using the client’s existing integration.
E-mail confirmation

Client STP Features

Spot, Forwards, Swaps, NDF and Options trade types
Low latency, high throughput, scaleable solution
Support for a wide variety of formats and protocols
Post trade allocations may be sent back to bank with suitable two-way connection (at extra cost)
Long term archiving for compliance (at extra cost)
Affirmation of trades
Client STP on-boarding allowing new clients to be easily setup
Client STP monitoring of client feeds
Extensible to connect to other client STP vendors

Client STP Benefits

Secure transmission of completed ticket to customer site, using certificate authentication
Comprehensive coverage - phone trades sent via same client STP solution
Choice of customized integration process to in-house applications, or simple FIX drop copy
Extensive integration and connectivity experience supplied by DealHub
Single point of contact to 24/7 support from DealHub

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Please select a scenario to suit your specific business need:

Unified STP

"We want to upgrade our ageing STP infrastructure when we move to a new risk and FX trading system. How do we create unified STP across the bank?"

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Price Distribution

"We are changing over to a new price engine, how do we integrate to all client facing eCommerce platforms for price distribution?"

"We are implementing a new Single Dealer Platform (SDP) and require a low latency price distribution backbone capable of extending to other client facing venues"

"We have clients who trade over Reuters RET and we require improved ultra-low latency price streaming "

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MIS

"How can we extract more information and intelligence from our eCommerce flows?"

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Conversation Analysis

"How can we convert free format text in Dealing 3000 conversations and e-mails into tickets?"

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Client STP

"How can we send trade confirmations to eCommerce clients?"

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Liquidity Aggregation

"How can we aggregate liquidity sources to create an internal ECN?"

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Open Positions

"How can we get an immediate appreciation of our true open position before trades are processed by our risk system?"

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Cost Savings

"How can we eliminate printers and create a central archive of all completed trades?"

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Internal Trading & Chat

"How can we create an internal trading and chat GUI so branches can request prices or talk to sales desks?"

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