Option Computers offers DealHub/Conductor
Option Computers Ltd (OCL), has extended their portfolio of
products to include
DealHub/Conductor, a routing service to settlement and central
counterparty clearing services. This is part of the visionary
Back to Front™ approach which allows many back-offices
services to be performed immediately upon deal capture.
DealHub/Conductor reduces the volume of trades which are
processed at the back-office, by pre-matching and aggregating
trades where possible, and sending the aggregated trade to the
desired settlement venue. Trades can be aggregated by
counterparty, ccy pair and value date.
DealHub/Conductor enables key events to occur earlier in the trade flow: a term DealHub refers to as Back to Front™ processing. This allows for trades to be matched sooner, errors to be spotted and corrected earlier in the trade flow, credit risk to be identified immediately, and the back office to be informed of potential issues earlier in the trade lifecycle. DealHub's solution includes an MQ API for integration to the new CLS/ICAP joint venture trade aggregation services along with an associated reconciliation module.
'DealHub/Conductor addresses the market's requirement to reduce risk. Once you have matched pairs of trades you should be able to settle in the venue of your choice. Matching and aggregation should be fully independent of the settlement venue. By moving the integration point back to the front office, the Dealhub Conductor solution ensures that aggregation occurs earlier in the trade flow thereby protecting the risk systems. ' says Patrick Philpott, President of Option Computers.
This pre-risk integration also allows DealHub to aggregate PB trades within the risk system, reducing the load placed on position and risk systems by large spikes in PB flows.
