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April 22, 2013 - DealHub (Option Computers Ltd) announced today that its regulatory solutions, including DealHub Smart Reporting, are live at multiple tier one and two banks, helping them comply with new Dodd Frank Regulations and providing a framework for handling other regulatory jurisdictions, including up-coming EMIR legislation in Europe.

DealHub CEO, Peter Kriskinans, said "Banks and Brokers are faced with an overwhelming amount of change this year, as new regulations roll-out. Our expertise across the full trading workflow has given us a unique ability to solve a very wide range of the resulting challenges for our customers - from streaming mid-prices, to real-time trade reporting. We've been successful because we're deeply integrated into our customer's infrastructure, with highly customised components that take into account their unique requirements – we're offering all the advantages of bespoke solutions, with the convenience of a managed service that takes away the pain of all these regulatory upgrades"

DealHub regulatory solutions fall into four main categories:

  • Trading connectivity, that incorporates new regulatory requirements, including streaming of mid-rates to trading platforms
  • STP connectivity, that captures or enriches tickets with all new regulatory codes, including the Unique Swap Identifier (USI) and Legal Entity Identifier (LEI)
  • DealHub Smart Reporting, that handles the complete trade reporting lifecycle, including connectivity to trade repositories and clearing houses, such as the DTCC and CME, as well as complex workflow such as alleged trade matching
  • Trade archiving solutions, to meet new 'business conduct' rules, consolidating data records from every step in the trade lifecycle, from price negotiation, right through to final settlement

Recent implementations reflect the flexibility of DealHub components, as customers have gone live with a wide range of solutions - from the full DealHub Smart Reporting product to individual modules targeted at gaps in proprietary infrastructure. As part of DealHub's on-going commitment to managing post trade complexity on behalf of clients, existing DealHub STP customers have benefitted from regulatory upgrades to their connectivity.

"Over the last year, we've worked very closely with our customers, and with industry bodies, to interpret regulations and build solutions that work seamlessly with existing infrastructures, protecting them from disruptive change. Although the Dodd Frank deadline has passed, we are continuing to help banks close gaps in their workflow where in-house and 3rd party solutions have fallen short on day one, while implementing new rules for up-coming EMIR deadlines" commented Chris Leaver, DealHub COO.

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