New DealHub Netting solution

Option Computers Ltd (OCL), has developed a fully functional matching and netting module that not only addresses the high ticket volume issue, whilst remaining fully compliant with CLS rules regarding the pre-netting of trades, but also offers the potential to reduce messaging costs. This module protects the bank’s downstream systems from increasing ticket volumes, volume spikes on heavy trading days and extends the lifetime of the existing infrastructure investment. DealHub’s unique industry wide solution* allows participants to immediately address the issue of stress on internal infrastructures while continuing to abide by the CLS requirement of sending only gross (non pre-netted) trades for settlement. The netting module can be implemented on a bilateral basis, a unilateral basis and/or an intra-company basis.  *patent pending #12/175,782 ...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here