UK-based RCP Consultants has launched a browser-based data repository designed for banks to deliver 'follow the sun' FX trading while retaining centralised oversight of local dealing operations.
The "RCP Deal Web" system enables banks to offer any number of local Foreign Exchange (FX) services, whilst providing global oversight functions, such as global deal reconciliation, from central offices around the world.
RCP DealWeb provides a data warehouse to receive details of FX trades from local dealing centres. This virtual data centre provides deal routing to multiple service centres. All FX deals held in the database are searchable and accessible through browser-based technology.
Ada Harwood, sales and marketing manager, RCP Consultants says: "RCP DealWeb opens new opportunities for banks to provide secure local data access, whilst two or three master data centres in key time zones can consolidate resource deployment and functional operation and provide global oversight."