Internal Ticket Aggregation
In some Banks internal traffic through back office systems can equal, or exceed, external traffic. This traffic still needs to be booked in risk initially, but for bookkeeping and settlement processes it is only the net/aggregate effect that is required.
The DealHub Internal Ticket Aggregation solution retains a complete history from original gross component trades through to net or aggregate trades. Gross component trades generated from real-time internal trading venue and in-house order management systems.
All component trades booked in Position and Risk system via DealHub STP and Core. Gross component trades, manually booked trades, cancel/rebooks can be sent for matching. Matched trades are sent for aggregation, unmatched trades go down as a net of 1 trade. Aggregated net trades are sent to back office following processing according to different business logic – netting rules for different netting ‘buckets’.
Reconciliation from one branch/department to another is of paramount importance- matching may be required.
Aggregation Overview
The DHVIEW desktop application offers multiple layouts for middle and back office workflow, archive query. All component and aggregate trades have a unique DealHub identifier reference and are viewable in DHVIEW Windows for matched and unmatched trades.
DHView allows users to trace any component trade back to its aggregate trade, and to show all component trades for each aggregate trade.
Interbank Ticket Aggregation
DealHub tackles increased interbank ticket volumes head on with a new solution for matching and aggregation, remodelling the back office processing landscape. DealHub’s matching and aggregation solution reduces trade processing volumes across the prime brokerage, inter-bank and intra-company landscapes delivering a low latency, high throughput solution that will relieve pressure on downstream systems and offer potential cost savings.
DealHub is uniquely positioned in the trade flow of many of the largest FX banks through its existing connectivity and position in the processing cycle and can take trades from every FX source (additional trading venues can easily be integrated) including:
- Reuters, Reuters PB, EBS Spot, EBS AI, EBS Prime, Hotspot FXi,
- FXAll, Currenex, FXConnect, RTNS, Bloomberg, ICAP,
- Baxters FX, Lava Trading, 360T, Milan FX, eSpeed, Accelor.
- And many Single Bank Platforms
By providing Matching and Aggregation Services that will, for the bilateral service, link in a peer-to-peer or hosted solution through secure, fast, reliable network connections, DealHub can communicate trades to both Trading and Settlement Systems within participating banks. The system can be configured in a number of ways allowing for bilateral aggregation, unilateral aggregation, inter-branch, PB give-ups only, etc.
