Straight-through-processing (STP) Solutions should provide fast, reliable, direct delivery of transactions and other business information with absolutely minimal need for human intervention. At the same time intervention on an exception basis needs to be catered for whilst also providing visibility, to all who need it, within today’s global operations.
Option Computers has encountered many organizations where, over the years, the implementation of tactical solutions and the addressing of short term needs have led to fragmented integration of both delivery and communication of business information. In today’s technology driven world, many banks still find themselves having to process transactions manually, such as faxing dealing information around the globe. But does it need to be this way?
As part of a strategic policy review, one major international bank decided that significant parts of its existing infrastructure were unwieldy and, in many respects, redundant as well as suffering from reliability and performance issues.
| However, elements of the incumbent infrastructure were used for mission critical delivery of FX trade tickets from around the world to its global risk management service and so the virtually obsolete system could not be switched off. Apart from the inherent risks, this created high maintenance costs for both software and hardware. In addition, feeds from other services were being handled by largely disparate systems leading to further duplication of resources.
| After researching the marketplace, the Bank identified Option Computers (OCL) as the leading supplier of ticket and conversation feed handling solutions to the world’s major FX banks. |
Following this, OCL proposed a solution based on its flagship B2B integration product - DealHub.
Key factors in the Banks’ choice of OCL were:
OCL’s committment to handle additional services as these come to the market.
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Dealhub's support for ticket and conversation feeds from the widest range of FX dealing services, including Reuters Dealing, EBS Spot, EBS Trader, EBS Prime, Voice Broker DDN, FXall, Currenex,FX Connect and Garban ICAP ETC.
DealHub’s ability to map incoming tickets and supply them in a standard output format (DealHub supports output in a wide range of formats including Reuters TOF, XML and MT300 and using a variety of protocols, e.g. Websphere MQ, Reuters TOF, MSMQ, Reuters Triarch, TIBCO ETX / Rendezvous).
Tried and tested software already in use by major players.
High throughput capability.
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