BT Radianz to support Option Computers' DEALHub.net system
13 July 2006 | 778 views | 0
Source: BT Radianz
BT Radianz, a leading global provider of financial services connectivity, announced today that Option Computers, a supplier of software solutions and services to trading and back office operations, will use the BT Radianz shared market infrastructure to offer access to a hosted version of its flagship product, DEALHub, a solution for real-time aggregation, STP, business activity monitoring of Foreign Exchange (FX) trading and associated post-trade events.
By working with BT Radianz, Option Computers will now be able to provide clients with a managed service, DEALHub.net, which is a quick-to-deploy hosted platform that facilitates interconnectivity between the buy and sell side communities. Based upon proven interfaces, including trading platforms that are used by many of the top Global FX market makers, BT Radianz clients can now access DEALHub.net through one single connection, which allows for direct access to multiple FX venues that can be configured rapidly.
Peter Kriskinans, MD, Option Computers, said: "BT Radianz's global reach, 24x7 customer service and network connectivity to major buy and sell side trading venues make its shared market infrastructure platform an ideal solution for Global FX interconnectivity. Through our relationship with BT Radianz, existing and potential customers can now get fast, secure access to our hosted service DEALHub.net over a single, fully redundant connection that is designed to be available one hundred percent of the time."
As a hosted platform on BT Radianz's shared market structure, DealHub.net enables buy-side clients to benefit from a customized integration process for STP to their in-house applications, with the additional benefits of an aggregated management information systems and archiving of all electronic FX data.
For existing sell-side customers of DEALHub, this platform offers the opportunity to selectively outsource client connectivity into a managed environment in an expedient and cost-effective way, thereby streamlining the addition of clients to the system.
David Stopforth, head of European sales, BT Radianz, said: "The dynamics of the FX market are changing and financial firms are facing enormous pressures to integrate multiple electronic foreign exchange venues. BT Radianz is well positioned to meet market demand by consolidating connectivity and ultimately saving FX market participants both time and money. Moreover, the addition of FX applications, such as DEALHub, to our shared market infrastructure is a great example of our continued efforts to service our extensive FX community."