FX news: Alpha FX gets good Deal Option
Since Société Générale announced the launch of Alpha FX, its new single-dealer platform it has selected Option Computer’s DealHub as its eFX price distribution system for the platform.
Alpha FX platform is integrated via DealHub’s single-bank platform gateway, acting as the bank’s own ECN by handling user entitlements, providing support for orders and sending blotter information to the client.
Stephane Malrait, global head of e-commerce FICC at Société Générale, says: “It was important to select a high-performance price distribution system capable of meeting the bank’s requirements for high throughput, availability and scalability. The DealHub solution supports us in growing our volumes and meeting the increasing demand for our eFX services.”
Peter Kriskinans, managing director of Option Computers, adds: “We are seeing a marked increase in the number of banks and financial institutions wishing to either implement new or replace legacy e-FX trading infrastructure. We are certain our DealHub suite now provides the optimal mix of proven performance, functionality and scalability to meet their demands.”