- Thomson Financial Treasury Solutions and RCP Consultants Ltd. sign transatlantic deal
RCP Consultants Ltd. (RCP), a UK provider of straight-through-processing solutions to the growing e-financial markets, has signed a partnership deal with Thomson Financial Treasury Solutions (TFTS), a business unit of the $2 billion world market leader, Thomson Financial. Under the agreement, TFTS will integrate RCP's trading environment technology, which handles such instruments as FX, MM and securities into its clients' treasury systems, providing seamless automation from dealer to back office. RCP will provide TFTS with client installation service and product support.
"The addition of RCP helps us to complete our straight-through processing capabilities in our front, middle and back office treasury management solution," said David Smith, Director of Product Management and Strategy of TFTS. "By adding RCP to our solutions we can augment the breadth of the market feeds we integrate with to deliver increased value and efficiency to our clients, thus reducing costs and speeding transactions."
In addition, RCP's modular software design allows for the integration of new dealing systems and data feeds without expensive re-engineering. This will allow TFTS customers to take advantage of new market services quickly and easily.
"We are delighted to be partnering with one of the global market leaders in treasury solutions," commented Dr Gavin Smith, a Director of RCP. "TFTS' reach into the global market will allow us to build on our customer base, which already includes over 100 banks in 25 countries."
RCP's Ticket Base, TOGA and KCAPTURE products are designed to provide seamless links between treasury front and back office. The systems deliver information in real time, and provide straight-though-processing of deals. This reduces the time to complete transactions, removes the cost of re-keying information and decreases the opportunity for error.
About Thomson Financial Treasury Solutions
A worldwide, industry leader for more than a decade, Thomson Financial Treasury Solutions (TFTS) offers a suite of front-to-back office software products which provide business solutions through improving efficiency and reducing risk for bank treasuries and capital markets groups. TFTS consists of three treasury products: PARAGONä, Thomson TBA Traderä and Thomson Vision.
For more information on TFTS, visit www.TFTS.com
About RCP Consultants Ltd.
RCP Consultants Ltd. (RCP) is an independent software house founded in 1980, based in Didcot, Oxfordshire.
RCP develops software for Foreign Exchange (FX) transactions, both trading systems and post-trade “ticket” processing. RCP is approved to ISO 9000, and has over 100 banking customers in 25 countries. For many years, RCP has been a supplier of strategic software products to Reuters, and is currently working with other major vendors who have chosen RCP to provide automated capture of FX trades.
For more related information on RCP visit www.rcp.co.uk/banking/
Contacts for information:
Dr Gavin Smith
T: +44 (0)1235 510116
T: +44 (0)118 984 3386
T: +1 (0) 617 856 2727
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