DealHub (Option Computers Ltd), a provider of FX data and trade connectivity products for financial firms, announced today the launch of RefleX, a modular eFX platform that combines the firm’s trading connectivity with a new price and execution management engine and an HTML5 client trading portal to deliver a high performance, multi-channel eFX platform.
Peter Kriskinans, CEO of DealHub, commented on the announcement: “The launch of DealHub RefleX marks a major step in the evolution of our trading solutions. Over the last five years, we’ve painstakingly built out our eFX technology, working hand in hand with customers to build best of breed components for every step of the trading workflow. Our new pricing and execution tools, combined with a cutting edge HTML5 trading GUI, complete the stack – we now offer an unrivalled breadth of capabilities pre and post-trade, with the commercial, technical and workflow flexibility to support banks of all sizes.”
DealHub states that RefleX aims to provide banks with a toolkit of eFX modules that can be configured and customised to deliver enhancement to an existing bank platform, or as an end-to-end solution for the complete eCommerce workflow from liquidity sourcing, through price management, venue and portal distribution to execution, credit and risk management, and Straight Through Processing (STP).
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The platform also reportedly features built in business intelligence tools for monitoring trading performance and system latency, as well as compliance investigation and surveillance. DealHub RefleX can be deployed on-premise or delivered as a service from DealHub’s co-located hosting facilities.
Chris Leaver, COO of DealHub, commented: “Very few banks now opt for a 100% build strategy in eFX, and the first generation vendor platforms are looking dated, with limited flexibility or differentiation. DealHub RefleX offers banks a genuine alternative – the platform provides our customers with a flexible, fast to market route to a high performance, customised eFX platform – one component at a time, or across the full stack.”
The launch of RefleX also sees the introduction of a new client trading portal that works alongside DealHub’s venue and API distribution technology, to give clients access to the full range of distribution channels. The new portal has been developed using HTML5 technology for native browser delivery and can be fully branded and extended to give banks a private electronic distribution channel with a unique customer experience.
The new portal captures Spot, Forward, Swap and NDF transactions via executable streaming or request for quote models. Decision support tools include a charting library, as well as news feeds and the option to embed a fully auditable chat capability for in-deal support and automated capture of more complex trades.