FX industry specialist RCP and B2 Hub, the Luxembourg based expert in straight through processing (STP), have announced the launch of a new FX STP service. The B2 Hub FX service allows any bank, fund or corporate client to receive electronic trade confirmations from multiple trading venues via a single connection. This significant innovation provides confirmations in a user-specified format so that, irrespective of which venue they deal with, the confirmations are formatted at the hub to match the input requirements of the client’s back office systems.
Paul Burgess, head of strategy at RCP, said: “This is a major step forward for FX STP. More institutions and corporate clients will have access to high value STP and post-trade services. We also see the B2 Hub connection as the conduit of choice for banks wanting to provide their clients with an enhanced range of services..”