DealHub Client STP

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Middle and Back Office Solutions

STP Solutions

Product and service specifications

Charging basis for consultancy work	• N/A
Database	• MS SQL Server
Language used	• N/A
Operating system	• Windows 2000 • Windows 2003 • Windows NT4 • Windows XP
Pricing structure	• Fixed • Other
User interface	• GUI

Tags:

affirmations allocations STP

Overview

DealHub’s Client STP module allows sell-side institutions to send trade tickets from their electronic FX trading platform to be delivered directly to their clients downstream back office trading systems in their chosen format, following bespoke integration by DealHub.

A Bank side STP publisher service (STPP) sends tickets via the Internet or the DealHub.Net service hosted at BT Radianz to the client site. A client-side STP subscriber service (STPS) continually subscribes to the tickets from the STPP over a secure link and uses a client specific STP adapter (STPA) to connect to the client’s back office system.

DealHub supports most common trading systems and has an array of additional interfaces and formats that can be brought to bear to solve specific integration problems.

Support for both affirmations and allocations are also possible as extensions of the core service.

Affirmations - In situations where high value block trades are executed, the client can affirm each trade individually with the bank on receipt of the completed trade, before the trade is booked into the client’s risk management and back office systems.

Allocations - These take place after affirmation and before STP to ensure that client risk management systems can be updated immediately.Trades may be split under preset templates or manually, and allocated to individual accounts with amount checking against the original block trade on client and bank side. Original block trades may be cancelled and new trades re-booked with a 2^nd credit check on the Bank side. DealHub parsing technology using the DealHub Conversation Analyser can also be used to ‘copy and paste’ allocations into an area where new tickets can be created, instigating a workflow suitable for most output methodologies.

Benefits

· Customized integration process for STP to in-house applications for clients

· Extensive integration and connectivity experience supplied by DealHub

· Disaster recovery enhanced by outsourced solution

· Single point of contact to 24/7 support from DealHub

· Low latency, high throughput, scaleable

· Sophisticated workflow and ticket routing

· Prime Brokerage give-up capability between multiple platforms

· Post trade allocations may be sent back to banks with suitable two-way DealHub.Net connection

· Support for a wide variety of formats and protocols

· Single secure connection to DealHub.Net through BT Radianz with full redundancy, or Internet connection