DealHub launches RefleX

DealHub, a foreign exchange technology firm, is launching RefleX, a customisable e-FX platform for institutional players with a price engine that filters liquidity from multiple sources. The product also integrates pre-, post-trade and compliance tools.

RefleX combines the firm's trading connectivity with a new price and execution-management engine and a client-trading portal to deliver a multi-channel e-FX platform for spot and over-the-counter transactions. It includes a margining module configurable to multiple criteria.

The product has been developed over the past five years with the input of DealHub's customers, says the company's chief executive, Peter Kriskinans.

"Over the last five years, we've painstakingly built out our e-FX technology, working hand-in-hand with customers to build best-of-breed components for every step of the trading workflow. Our new pricing and execution tools, combined with a cutting-edge HTML5 trading graphical user interface, complete the stack – we now offer an unrivalled breadth of capabilities pre- and post-trade, with the commercial, technical and workflow flexibility to support banks of all sizes," he says.

The platform allows customers to choose and adjust its components to suit their needs, says Chris Leaver, chief operative officer at DealHub.

"DealHub RefleX offers banks a genuine alternative. The platform provides our customers with a flexible, fast-to-market route to a high-performance, customised e-FX platform – one component at a time or across the full stack," he says.

The execution-management module dealing with trade requests features a last-look validation tool, which allows the liquidity provider to reject an order within a specified period of time.