Ex JPMorgan MD launches RFQ-hub, an electronic request-for-quote platform.

RFQ-hub, an innovative new equity derivatives request-for-quote platform, has been launched.
RFQ-hub is a bi-lateral request-for-quote and electronic trading platform for listed and OTC equity derivatives. It covers global markets for options, futures, convertibles and ETFs. Most RFQs for equity-based derivatives are sent and received over email, instant messaging or the telephone making it administratively intensive and time consuming to get tradable competing quotes. RFQ-hub automates this manual process allowing firms to send and receive competing and tradable quotes electronically from its interface or a client’s own systems. Using RFQ-hub reduces the amount of time spent by dealers obtaining quotes, helps with best execution and minimises errors by reducing the amount of re-keying needed. Once executed by the counterparty, the trade record can then be sent to downstream systems without the need for re-keying via its API or FIX messaging.

David Sagnier, RFQ-hub’s founder and CEO, speaking from his Paris head office, said “We built RFQ-hub to help both fund managers and banks automate an important but very manual part of the process. What I did not foresee what the increasing interest in pre-trade transparency in this market. RFQ-hub is ideally placed to help fund managers with price discovery and their chosen banks with an automaton tool. Using RFQ-hub gives both parties more time to focus on other more important parts of their jobs.”

RFQ-hub will help prepare the way for increasing regulation in the derivatives markets. It especially helps buy-side dealers, traders and fund managers with pre-trade transparency and price discovery. All interactions are recorded for later review helping, amongst other things, prove best execution.

The Investment Banks using RFQ-hub will be able to see beyond their in-house hit ratio statistics to where they are positioned versus competitors by product, sector and region. The data available in RFQ-hub will facilitate broker reviews. Broker reviews are a key part of the dealing and trading process where fund managers and their counterparties meet to review the service and feedback on performance. Broker reviews are commonly held in the cash equity market but relatively unknown in the derivatives market. RFQ-hub will assist with establishing reviews in the derivatives market as the cash and flow derivatives buying points converge.

RFQ-hub is a software platform developed by a number of experienced international banking and fund management experts in this field. It is based in Paris, France, but also has offices in London, England. RFQ-hub recently won an innovation award from the Paris-based Finance Innovation cluster, an initiative of the Investing in France Agency.

RFQ-hub
64 Rue Tiquetonne
75002 Paris
France
Press contact: Jeremy Bezant
+44 20 3137 3091
jez.bezant@rfq-hub.com

This release was published on openPR.