Multi-bank foreign exchange portal FXall has chosen technology from HelioGraph to offer traders netting, confirmations, matching and notifications capabilities.
Under the agreement, the FX platform will implement Heliograph's Message Broker middleware product and its STP platform, Helio TradeFlow.
Helio Message Broker offers intelligent routeing for Swift, FIX, GSTPA and Oasys. Helio TradeFlow combines a matching engine, ETC (Electronic Trade Confirmation) and ETS (Electronic Trade Settlement) components to form a complete STP solution to manage the entire post-trade process.
Jack Lemonik, chief technology officer, FXall, says: "HelioGraph's cutting-edge technology will allow foreign exchange participants to do quicker, more efficient, and cheaper trading through FXall's portal. Using the HelioGraph TradeFlow engine, FXall will add post-trade matching, netting, confirmation, settlement instructions and notification capabilities. Furthermore, HelioGraph enables FXall to conform to industry standards, including FIX and Swift."