DealHub (Option Computers Ltd) announced today that KCG HotSpot, the award-winning institutional FX ECN, is the latest trading platform to connect to the firm’s FX Distribution Hub service.
The move will allow existing DealHub customers, as well as new price makers and takers, to quickly and cost effectively connect to KCG HotSpot, including the firm’s newly launched HotSpot QT dark liquidity pool, via the ‘connectivity as a service’ platform.
Bill Goodbody, Managing Director & Head of Sales at KCG Hotspot comments “Our focus has consistently been on providing our clients with bespoke solutions that help them access liquidity and reduce friction in their workflow. As we deliver innovative new liquidity solutions including HotSpot QT, and continue to experience rapid volume growth, joining FX Distribution Hub is a natural step in helping us meet the increasing demand from new price makers and takers who want to connect quickly and easily to our deep FX Distribution Hub delivers a one-stop solution to managing the complexity and cost of multi-channel price distribution and liquidity sourcing in today’s fragmented FX market.
One simple interface to the Hub provides access to the majority of trading venues and a rapidly growing community of direct counterparties, reducing the cost and time to market of trading connectivity, while taking advantage of DealHub’s high performance, co-located infrastructure and venue specific pricing logic. FX Distribution Hub forms an integral part of DealHub RefleX, the firm’s modular eFX platform launched last month.
Chris Leaver, COO at DealHub comments “We’re delighted to welcome KCG HotSpot to FX Distribution Hub. We’ve reached the point where the cost, time to market and performance benefits of the Hub are well established for banks looking to extend their venue distribution and the Hotspot platform is emerging as a priority for both new and existing customers. With the launch of DealHub RefleX last month, we’re now able offer banks an incredibly flexible route to high performance eFX – whether they’re upgrading an existing platform, or taking their first steps in the market”
FX Distribution Hub is a fully managed distribution platform for pricing into multiple FX trading channels, including all major ECNs and multi bank portals, as well as aggregators,single dealer platforms and via direct APIs.
Additional eFX modules from the DealHub RefleX platform can be integrated with the Hub, including powerful rate construction and management, customer specific price margining, low latency credit checking, and comprehensive post trade connectivity and workflow. A built-in business intelligence capability provides real-time and historical feedback on pricing and infrastructure performance.
The managed service is hosted in Equinix LD4 and NY4, co-located with many of the industry’s leading participants and trading venues. DealHub specialises in comprehensive integration with customer and third party systems, allowing customers to build a bespoke eCommerce solution that offers real differentiation.