Eurex has expanded its trade entry services distribution to cover BrokerHub, ITG RFQ-Hub and Vectalis.
The additions will provide greater efficiency in block trade execution and processing for Eurex listed derivatives thanks to an automated straight-through process for users of the platforms.
Market participants will also see enhanced transparency and an improved audit trail through their trade lifecycle.
BrokerHub and Vectalis are already connected to the services while ITG RGQ-Hub, recently acquired by agency broker ITG, will be onboarded on 11 August.
The connections will connect via Eurex’s Multilateral Trade Registration (MTR) service, which went live yesterday.
“With the enhanced MTR Service, interdealer brokers and customers will benefit from a higher level of effectiveness. Block trades will be created from an equity derivative indication of interest, streamlining PDF ticket generation and enriching invoices with Eurex trade reference numbers,” said Pierre De Vos, managing director of BrokerHub.
Eurex said it hopes to further expand the offering in the near future to other trade capture platforms.