UBS Warburg will roll out RDL in the bank's principal FX centres across the
globe - Switzerland, UK, US, Japan, Hong Kong and Singapore. The service will be utilised by internal FX sales and trading staff, and will provide access to the Reuters Dealing community of over 19,000 global FX and money market traders.
UBS Warburg will run RDL over a combination of networks - RadianzNet, an IP-based network for the financial markets, and the bank's own wide area network. The service utilises state-of-the-art encryption techniques and industry standard Public Key Infrastructure technology.
RDL is the latest addition to the Reuters Dealing 3000 range of dealing products. It is designed for a cross set of users that do not require all of the rich functionality that is available on Dealing 3000, yet depend on reliable access to the Reuters global community. It can be installed on client PCs and has seamless connectivity to the back office.
Peter Healey, Managing Director, Interest Rates & Foreign Exchange Business Management, UBS Warburg, commented: "We require a service which provides our FX staff with basic dealing functionality, whilst also having connectivity to the back office and the Reuters Dealing community. Reuters Dealing Link is a cost effective way for us to provide this dealing capability to our trading and sales staff."
Julie Holland, Managing Director, Reuters Treasury Services, said: "We are very pleased to have signed this deal with UBS Warburg and look forward to working closely with them to implement RDL across the globe. The bank has played an integral part in our pilot programme, which began last autumn, and their feedback has been a valuable contribution in developing the service. We welcome this opportunity to build upon our relationship with UBS Warburg and to provide them with a cost-effective intrabank dealing solution."