Option Computers Ltd (OCL) has added a new straight-through processing feed handler for Gain GTX, Gain Capital’s recently launched foreign exchange electronic communications network (ECN).
Gain’s GTX trading platform offers an anonymous trading environment with direct access and trade execution capabilities via streaming prices or request-for-stream quotes with a view of both price and order book depth.
The DealHub Gain GTX feed handler supports STP for integration to back-office systems. Spot trades executed on Gain GTX are stored within DealHub, made available for real-time overview and archiving, and forwarded to a bank’s downstream systems. The company says it has successfully implemented the Gain GTX STP interface with two major global banks for spot trades. Forwards and swaps are currently being tested at OCL.
Managing director Peter Kriskinans says, “OCL works closely with our clients to quickly develop new feed handlers for access to new venues as they come to market; we are pleased to add connectivity to Gain GTX and have this STP feed handler ready for existing and new clients. Having DealHub in place for STP allows clients to rapidly turn on new venues and stream trades through our existing connections to downstream bank systems.”
“GTX is receiving strong interest from hedge fund managers, CTAs, and high frequency trading companies, as well as banks,” adds Vincent Sangiovanni, executive director, Gain GTX. “Adding DealHub makes it even easier for participants to connect to the Gain GTX marketplace.”
OCL provides a range of STP services to trading and back office operations. External sources supported by DealHub include interbank platforms, bank FX trading offerings, exchanges, algorithmic trading platforms and multi-bank portals.