Dealing Printer Replacement

Save Up To 60% of Your Post Trade Costs

Dealing printers attached to Reuters Dealing 3000 and EBS not only take up valuable space in the dealing room but they also generate large amounts of paper which has to be managed, checked and stored for 6 years or more as a compliance requirement.

The cost of manually handling and checking the printer outputs can be surprisingly high.

For example the annual cost of manually checking and storing printed output for a bank with 3 trading locations, 5 Reuters Dealing terminals each with 2 printers is of the order of £100,000. These are figures provided by one of our customers.

The RCP Printer Replacement Solution captures the printer output at each trading location directly from the Reuters and EBS dealing systems using RCP TrakaBase Pro to capture the conversation printout and RCP TicketBase Pro to capture the ticket output feed (TOF).

The conversations are archived to a secure check summed file either on your enterprise storage system or to CD. This fulfils your compliance obligations.

Conversations and tickets from each location are written to a single Deal Web Server, located somewhere on the bank’s network. The location is unimportant to the operation of the solution.

When the conversations reach the Deal Web Server they are matched automatically with the corresponding tickets from the ticket feed. Conversations with no tickets are passed through the Deal Web Conversation Analysis engine to identify possible missed trades and extract trade data. Deal Web is over 99.9% accurate in spotting missed trades.

Checking staff access the Deal Web Database using a browser based client application. Conversations with no tickets but a high likelihood of containing a valid trade are sorted to the top of the list so no effort is wasted in checking conversations that have no chance of containing a trade.

The savings that can be made in staff time, consumables, space costs and costs related to missed trades is typically of the order of 60%, hence over a 5 year period the potential saving to our example bank is in excess £200,000 after allowing for purchasing Deal Web.

These savings make no allowance for any savings that come from replacing existing partial solutions or for the significant losses that can stem from a large missed trade.

RCP have developed a computer model that will help you to work out how much you can save by automating your post trade processes. We would be delighted to run your figures through the model.

To discuss how you can reduce your post trade costs, telephone Paul Burgess on +44 (0)20 7426 0592 or email: banking-sales@rcp.co.uk