DealHub’s Routing and Processing Engine offers a high throughput low latency solution for banks where advanced routing, risk splitting and back to back ticket creation is required.
The DealHub solution supports multiple downstream connections to multiple front and back office systems, allowing the application of complex business logic to streams of tickets, and routing to manual or semi- automatic intervention. Follow the sun risk centre management is possible with interfaces to internal systems that control this process.
Ticket Collection and Routing
Tickets are collected using individual DealHub STP interfaces to client facing platforms and normalized to a single DealHub format within the DealHub Core. Business logic is then applied to create child trades from the original parent based on preset business logic to create risk splits and resulting back to back trades. Resulting trades are routed to risk centre identified front and back office systems with support for multiple transaction types including spot, forward, swap, NDF and base metals.
Features
- Connects to each trading venue via individual STP interface
- Converts all traffic to common DealHub format, archived in 10 year SQL server database for compliance
- Captures additional information including dealer ID, margin, memo fields
- Compares location of client trade with location of risk centre
- Creates back to back and forward cover trades based on business logic
- Risk splitting into multiple currency pairs, splitting between spot and forward books
- Integrates to internal follow the sun risk centre identification systems
- Routes trades for manual intervention and enrichment
- Routes failed trades to human review queues including alerts
- Child trades tied to parent trades within database facilitates queries
- Archives all tickets and conversations, and additional information such as RFQs for MIS
Benefits
- Low latency high throughput events processing
- Instant alert of failed trades prevents expensive errors and cuts risk
- SOX compliant 10 year archive of all tickets
- Queue prioritization streamlines passage of tickets downstream
- MIS on client data for additional modelling, price stream categorization.
