London-based Option Computers Ltd., a provider of trading, trade processing and business intelligence solutions for financial markets, reports that DealHub, its flagship foreign exchange, post-trade connectivity platform, has been deployed at Crédit Agricole Corporate and Investment Bank (CIB).
“DealHub’s modular platform combines the firm’s comprehensive market connectivity with flexible, rules-based trade routing and processing, to provide Crédit Agricole CIB with a unified backbone for straight through processing (STP), compliance and post-trade workflow automation in their foreign exchange business,” Option Computers officials say in a statement.
The vendor also notes that DealHub, which is employed by 16 of the top 20 FX banks, “incorporates connectivity to more than 50 execution venues and bank platforms, as well trade publishing to a growing network of global and regional banks and buy-side institutions.”
Additionally, DealHub is “capable of capturing the output of conversational dealing and chat platforms and seamlessly integrating this with flow from eFX channels,” the company says. Real-time routing, processing and surveillance of this unified feed is enabled by additional modules based on DealHub’s rules engine and a user interface that allows workflows to be tailored to a customer’s needs “from position keeping to risk splitting, profitability analysis to compliance alerting. A regulation compliant archive completes the platform, providing a powerful resource for trading and compliance investigations.”
DealHub is “helping banks of all shapes and sizes reduce both cost and complexity, with fast implementation times ensuring benefits are quickly realized,” Chris Leaver, DealHub chief operating officer (COO), says in the vendor’s statement. “We’re looking forward to continuing to work with Crédit Agricole CIB to further streamline their post-trade operations in the months ahead.”
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