The Royal Bank of Scotland Financial Markets division is to develop a new range of post-trade processing services for its institutional client base over the BEA WebLogic Server platform.
The Scottish bank's online financial trading marketplace, rbsmarkets.com, combines the activities of the Royal Bank's treasury & capital markets division, NatWest Global Financial Markets and the UK based Greenwich NatWest and delivers free access to pre-trade, trading and post-trade services.
The BEA WebLogic Server has been introduced to support the development of a new suite of post-trade services designed to achieve full-client-to-bank STP, says Peter Prince, head of rbsmarkets.com. WebLogic enables the bank to re-engineer the site in a controlled fashion using Java 2 Enterprise Edition (J2EE) architecture he adds.
"We are now one of the few banks in the world with the market power and proven technical infrastructure to provide clients with fast, reliable and secure online access to account information, trading and dealing around the clock," says Prince.