OCL connects to Gain GTX

Source: Option Computers Ltd

Option Computers Ltd (OCL) the leading global provider of STP and connectivity feed handling software to the FX markets, has added a new STP feed handler for Gain GTX.

GAIN's GTX trading platform is a fully anonymous trading environment that offers direct access and trade execution capabilities via streaming prices or Request-For-Stream (RFS) with a transparent view of both price and order book depth, providing access to diverse and deep liquidity sources.

The DealHub GAIN GTX feed handler supports STP for integration to back-office systems. Spot trades executed on GAIN GTX are stored within DealHub, made available for real-time overview and archiving, and forwarded to the bank's downstream systems. DealHub has successfully implemented the GAIN GTX STP interface with major global banks for spot trades; forwards and swaps are currently being tested at OCL.

Peter Kriskinans, Managing Director of Option Computers stated "OCL works closely with our clients to quickly develop new feed handlers for access to new venues as they come to market; we are pleased to add connectivity to GAIN GTX and have this STP feed handler ready for existing and new clients. Having DealHub in place for STP allows clients to rapidly turn on new venues and stream trades through our existing connections to downstream bank systems."

"GTX is receiving strong interest from hedge fund managers, CTAs, and high frequency trading companies, as well as banks," commented Vincent Sangiovanni, executive director, GAIN GTX. "These participants are looking for an FX ECN with the built-in flexibility and value-added functionality that will meet their specific trading requirements. Adding DealHub makes it even easier for participants to connect to the GAIN GTX marketplace."

DealHub provides the widest range of STP solutions to trading and back office operations. DealHub is used globally by most of the top FX dealing banks in the world. External sources supported by DealHub include interbank platforms, leading bank FX trading offerings, exchanges, algorithmic trading platforms and multi-bank portals.

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