DealHub Selected for eFX Project at Royal Exchange Ltd

Wednesday, 11/07/2012 | 17:46 GMT by Adil Siddiqui
DealHub Selected for eFX Project at Royal Exchange Ltd

DealHub (Option Computers Ltd) today announced that it is implementing its eFX solution at Royal Exchange (TEG Capital) Ltd, enabling complete automation of the trade lifecycle, from Liquidity sourcing through price construction and distribution, to execution and hedging.

Royal Exchange is a high end foreign exchange brokerage offering Forex services to the corporate and retail markets. Backed by decades of market experience and a significant investment in technology, Royal Exchange has access to some of the best rates in the market, which are passed directly to customers.

The DealHub solution will provide Royal Exchange with a flexible eFX backbone that automates the full trade lifecycle; ensuring customers are provided with the best possible pricing at the lowest possible latency. The solution sources liquidity from multiple providers, validates rates and applies tiered margin prior to low latency distribution via a FIX gateway for API trading by Royal Exchange customers. DealHub completes the trade lifecycle by automatically hedging customer orders with a liquidity provider and enabling straight through processing of trade details directly into the Royal Exchange treasury system.

Antony Quaife, CEO of Royal Exchange, commented ‘’Royal Exchange are committed to delivering the best possible pricing and trading performance to our customers; the DealHub solution will deliver on this promise, while simultaneously automating our internal processes, reducing cost and risk.”

Chris Leaver, COO of DealHub, commented "We are delighted to provide a tailored DealHub eFX solution to automate such an important component of the Royal Exchange business. Our flexible toolkit of eFX services is helping customers of all sizes build eCommerce solutions tailored to their unique goals – from top tier banks looking for proximity hosting to improve their hit rates on an ECN, to niche brokers looking for a complete eFX solution.”

DealHub (Option Computers Ltd) today announced that it is implementing its eFX solution at Royal Exchange (TEG Capital) Ltd, enabling complete automation of the trade lifecycle, from Liquidity sourcing through price construction and distribution, to execution and hedging.

Royal Exchange is a high end foreign exchange brokerage offering Forex services to the corporate and retail markets. Backed by decades of market experience and a significant investment in technology, Royal Exchange has access to some of the best rates in the market, which are passed directly to customers.

The DealHub solution will provide Royal Exchange with a flexible eFX backbone that automates the full trade lifecycle; ensuring customers are provided with the best possible pricing at the lowest possible latency. The solution sources liquidity from multiple providers, validates rates and applies tiered margin prior to low latency distribution via a FIX gateway for API trading by Royal Exchange customers. DealHub completes the trade lifecycle by automatically hedging customer orders with a liquidity provider and enabling straight through processing of trade details directly into the Royal Exchange treasury system.

Antony Quaife, CEO of Royal Exchange, commented ‘’Royal Exchange are committed to delivering the best possible pricing and trading performance to our customers; the DealHub solution will deliver on this promise, while simultaneously automating our internal processes, reducing cost and risk.”

Chris Leaver, COO of DealHub, commented "We are delighted to provide a tailored DealHub eFX solution to automate such an important component of the Royal Exchange business. Our flexible toolkit of eFX services is helping customers of all sizes build eCommerce solutions tailored to their unique goals – from top tier banks looking for proximity hosting to improve their hit rates on an ECN, to niche brokers looking for a complete eFX solution.”

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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