RCP Deal Web provides a comprehensive solution to the handling, distribution, storage and retrieval of FX transaction data, including data from Reuters Dealing Direct, and from the established FX spot and forward matching systems.
Deal Web can be used to:
• Remove ALL dealing printers and paper
• Introduce fast detection of Out Trades
• Improve Back Office efficiency
• Consolidate Back Office operations
• Consolidate Trading Venue Feeds

For trades using Reuters Dealing Direct Deal Web greatly improves the ability to ensure that all trades are accurately recorded.

WHO WILL BENEFIT FROM DEAL WEB?
Banks using:
• Reuters conversational dealing systems
• EBS and Reuters FX matching systems
• Single or multi bank portals

KEY FEATURES
Deal Web can enable:
• Straight through processing beginning with automatic deal capture from FX dealing systems
• The removal of printers
• Worldwide access to the data via a simple web client
• Better checking and the rapid detection of Out Trades
• Increased productivity
• Reduced risk
• Global data collection into a single database
• Consolidation of Back Office operations

Deal Web's benefits include:
• 24hr continuous operation
• Enterprise level backup against system failures
• A simple security solution leveraging Microsoft security
• Minimal administration overheads
• Minimal deployment effort

PRODUCT OVERVIEW
Deal Web provides a single, global store of all deals transacted in the Foreign Exchange and other financial markets. It accepts confirmed deal data via the Reuters and EBS Ticket Output Feed (serial and TOF-over-IP), and other systems. It also accepts Dealing conversations via the Reuters conversation printer.

Back and Middle Office staff are responsible for ensuring all valid deals are settled within certain time frames. The identification of trades transacted on Reuters conversational dealing relies on the dealers confirming a ticket. As this is sometimes overlooked it is best practice that all unconfirmed conversations are independently checked for Out Trades. This reduces the settlement risk for the bank and the position risk for the trading floor. Deal Web provides support for such checking.
Deal Web can also analyse all conversations and indicate the probability of there being a trade within the conversation. This significantly contributes to efficiency in the checking process.

Remove Trading System Printers
All printer feeds from FX Trading systems can be captured and archived. The printers could be run in parallel with Deal Web or they can be removed.
Analysis of Conversations
Reuters conversations are analysed and categorised into three groups, ‘No Deal’ (conversations that are unlikely to contain an agreed trade), ‘Deal’ (conversations that are highly likely to contain an agreed trade) and ‘Query’ (conversations that might contain an agreed trade). The likelihood that a conversation contains an unreported deal is also assessed.
Out Trade Detection
Unconfirmed conversations can be sorted by their probability of containing a valid deal. This makes the detection of Out Trades faster and more reliable, and reduces the administrative burden.
Find any Conversation or Ticket
Any conversation or ticket can be found rapidly. This is an important benefit in day-to-day Back Office operations, investigations and audits.
Edit Ticket fields
Comments and codes can be added to deal and conversation records to assist their processing. However the original data is always preserved.
Audit Trail
Any change to a stored record leaves an audit trail, which is easily inspected.
Automatic Archiving
Matured transactions are moved automatically to an on-line archive after a user configurable period has passed. Once archived, the transactions may be viewed via the browser interface.

The Deal Web Client Search Screen allows the user a comprehensive range of search criteria as well as a fully indexed search of all conversations

The Search results are displayed in the blotter, clicking on any trade/conversation will open the detail window which allows processing and annotation of the trade