FEATURE
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As post-trade infrastructures have typically grown up over many years of in-house builds, point solutions and multiple vendor components, a spaghetti of infrastructure and connectivity exists that represents not just a significant cost, but also a potentially serious operational risk, with many potential points of failure.
Kriskinans says: “Even before you consider the benefits of increased transparency and visibility of trade flow, the opportunities for cost efficiencies are huge. Just cutting the number of integration points and the physical infrastructure required to support multiple systems has saved our customers millions of dollars. It is also worth taking a long hard look at the commercial model agreed with your current vendors. With per trade charges now becoming prevalent in the market, trade processing costs can feel like an ever increasing tax on business growth. Tis is a complaint we’re hearing from a lot of customers right now – and we’re able to help with a more flexible commercial approach that caps the cost of compliance.”
DealHub occupies a unique position in its customer’s workflow – it is the first system to see trades emerging from the full range of venues and trading systems. From a form based branch trade to an algo-originated fill from an ECN, all trades flow through DealHub, where they are converted into a common data format in real-time.
From this point, DealHub manages the onward routing, processing and transformation of this data, applying complex workflow rules and business logic as required to create a low latency post trade backbone to meet the myriad needs of front, mid and back office, counterparties and regulators.
Peter Kriskinans
“We’re seeing more and more demand from customers who don’t just want to process this data quickly, but want to view and act on it in as close to real-time as possible, allowing them to better manage both market and operational risk. Building on this theme, we’re
50 | april 2012 e-FOREX
“With per trade charges now becoming prevalent in the market, trade processing costs can feel like an ever increasing tax on business growth. Tis is a complaint we’re hearing from a lot of customers right now…”
also beginning to exploit opportunities to connect customers and counterparties much earlier in the post trade workflow, completing matching and prime brokerage workflow in near real-time, further reducing cost and risk. With ‘out of the box’ connectivity to the full range of venues and counterparties alongside hosted or on-site deployment options, DealHub can offer customers a cost effective solution with a very quick time to market,” Kriskinans adds.
Real time challenges Managing trade flow
and risk across multiple venues and counterparties in real time is one of the biggest challenges facing the FX business. Kriskinans says that it is no longer good enough to reconcile net positions in back office
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