"Follow the Sun" Support for FX Unveiled by RCP Thursday 24 May 2001 PDF Print - Booth 15, Stanford Ballroom, ACI Singapore, 24-26 May 2001 Singapore – 24th May 2001 - RCP Consultants Ltd. (RCP), a leading provider of straight-through-processing solutions to the growing e-financial markets, is unveiling details of its innovative "RCP Deal Web" at the ACI World Congress in Singapore today. The innovative system allows 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. The result is a unique system to support "follow the sun" operational support for FX operations. Banks adopting the new technology will be able to offer centralised round-the clock back office coverage for a global network of dealing centres. RCP DealWeb provides a data warehouse to receive details of FX deals from around the world. This virtual data centre provides deal routing to two, three or more service centres, according to the time of day, giving 24 hour cover. All the FX deals are searchable and accessible through web technology, whilst maintaining regulatory controls associated with diverse business operations. Commenting on the launch, Ada Harwood, Sales and Marketing Manager said, “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. This brings consistent, cost-effective and timely support to Treasury businesses.” Beyond STP – going parallel Many institutions wish to go beyond linear STP. They would prefer to have a set of specialist, best of breed back office systems rather than one universal service. Parallel STP demands a flexible system, capable of routing deals according to multiple criteria, including time of day. Designed as a single, organisation-wide scaleable solution, RCP Deal Web assists financial institutions through all phases of the deal lifecycle, from electronic data capture to reconciliation. The combination of a powerful database with a secure web front-end client guarantees real-time data delivery and genuine system interoperability, 24 hours a day - 365 days a year. About ACI Singapore 2001 Some 1,000 treasury and financial markets professionals, comprising heads of treasury and financial markets, chief dealers, risk managers, senior dealing, sales and operations personnel of financial institutions and fund managers, are attending the 42nd ACI World Congress, May 24-26, 2001 at the Raffles City Convention Centre, Singapore. It is be the first time since 1980 that members of ACI – The Financial Markets Association, an umbrella body based in Paris, have gathered in Singapore for a congress. The ACI has some 24,000 individual members from 80 countries and is the largest international association in the wholesale financial markets. About RCP Consultants Ltd. RCP Consultants Ltd. (RCP) is an independent software house founded in 1980, based in Didcot, Oxfordshire. RCP is a leading supplier of software to the Foreign Exchange (FX) Markets, both for trading systems integration and post-trade “ticket” processing and automation. 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 http://www.rcp.co.uk/banking/ Contacts for information: Ada Harwood RCP Consultants Limited T: +44 (0)1235 510116 E: firstname.lastname@example.org Peter Linton Media Link T : +44 (0)118 984 338 E : email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Media Link (Berkshire) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.