FX Distribution Hub Continues To Attract Major Banks - Commerzbank Joins The Fold
by
Andrew Saks McLeod
DealHub's FX Distribution Hub has been today selected by Commerzbank as part of the financial institution's implementation of a new price distribution infrastructure aimed at FX traders.
Almost a year has passed since Dealhub announced the launch of FX Distribution Hub, a new service which allows customers to price into any FX market destination via a single interface, which continues to garner support from large financial institutions.
Today, the company announced that German financial giant Commerzbank has selected the FX Distribution Hub as a mainstay of a new price distribution infrastructure, which is intended to enhance pricing and flexibility for FX traders.
Latency Optimized Connectivity
The first venue to go live on the service will be FX Connect, followed by multiple venues in the months ahead. This particular service intends to provide Commerzbank with latency optimized connectivity to their chosen venues through co-located hosting facilities.
Mark Briant-Evans, Head of Marketing at DealHub explained to Forex Magnates at this year’s iFXEXPO in Cyprus: “Simply facilitating connectivity between venues is only part of the solution toward seamless trading environments worldwide. Fragmentation can make the FX market a difficult place in which to trade – at least from a technological perspective.
“A bank or broker can invest in a sophisticated pricing engine, or sourcing Liquidity from multiple providers, but they’re increasingly finding that they need to distribute that liquidity via multiple venues and trading channels according to customer demand – and what they’re faced with is a real lack of standardization” concluded Mr. Briant-Evans.
At that time, Mr. Briant-Evans alluded that DealHub’s core business is the provision of connectivity and low latency solutions to the FX trading divisions within major banks, however, the company’s future plan is to expand this into FX companies as well as banks.
Nick Downes, Global Head of eFX sales at Commerzbank Corporates & Markets made a statement on behalf of the bank: "We want to continually improve our connectivity, expanding the range of ECNs customers can use to access our liquidity.”
“DealHub's FX Distribution Hub gives us all the benefits of co-location and optimised latency, with the ability of adding new venues very rapidly. This flexibility means we can react quickly to a fast changing ECN landscape, while keeping our internal resources focused on ensuring our customers receive our best prices, wherever they want to trade” explained Mr. Downes.
Chris Leaver, COO of DealHub, further added: "We are delighted to add Commerzbank to our FX Distribution Hub - they join a growing list of banks, from Tier 1 price makers to regional specialists, using the service to cut the cost and time to market for multi-venue price distribution.”
“We've spent years perfecting our trading interfaces to optimise pricing performance, taking the trouble to understand the nuances of each venue. Now, our customers are taking advantage of all of this connectivity and expertise via one simple interface to the hub” concluded Mr. Leaver.
Almost a year has passed since Dealhub announced the launch of FX Distribution Hub, a new service which allows customers to price into any FX market destination via a single interface, which continues to garner support from large financial institutions.
Today, the company announced that German financial giant Commerzbank has selected the FX Distribution Hub as a mainstay of a new price distribution infrastructure, which is intended to enhance pricing and flexibility for FX traders.
Latency Optimized Connectivity
The first venue to go live on the service will be FX Connect, followed by multiple venues in the months ahead. This particular service intends to provide Commerzbank with latency optimized connectivity to their chosen venues through co-located hosting facilities.
Mark Briant-Evans, Head of Marketing at DealHub explained to Forex Magnates at this year’s iFXEXPO in Cyprus: “Simply facilitating connectivity between venues is only part of the solution toward seamless trading environments worldwide. Fragmentation can make the FX market a difficult place in which to trade – at least from a technological perspective.
“A bank or broker can invest in a sophisticated pricing engine, or sourcing Liquidity from multiple providers, but they’re increasingly finding that they need to distribute that liquidity via multiple venues and trading channels according to customer demand – and what they’re faced with is a real lack of standardization” concluded Mr. Briant-Evans.
At that time, Mr. Briant-Evans alluded that DealHub’s core business is the provision of connectivity and low latency solutions to the FX trading divisions within major banks, however, the company’s future plan is to expand this into FX companies as well as banks.
Nick Downes, Global Head of eFX sales at Commerzbank Corporates & Markets made a statement on behalf of the bank: "We want to continually improve our connectivity, expanding the range of ECNs customers can use to access our liquidity.”
“DealHub's FX Distribution Hub gives us all the benefits of co-location and optimised latency, with the ability of adding new venues very rapidly. This flexibility means we can react quickly to a fast changing ECN landscape, while keeping our internal resources focused on ensuring our customers receive our best prices, wherever they want to trade” explained Mr. Downes.
Chris Leaver, COO of DealHub, further added: "We are delighted to add Commerzbank to our FX Distribution Hub - they join a growing list of banks, from Tier 1 price makers to regional specialists, using the service to cut the cost and time to market for multi-venue price distribution.”
“We've spent years perfecting our trading interfaces to optimise pricing performance, taking the trouble to understand the nuances of each venue. Now, our customers are taking advantage of all of this connectivity and expertise via one simple interface to the hub” concluded Mr. Leaver.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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