UBS Warburg has entered an agreement to deploy Reuters' IP-based conversational dealing service, Reuters Dealing Link (RDL), across its global operations.
The IP-based conversational dealing service will provide the bank with a flexible and cost effective communication and trading solution for its extensive network within the foreign exchange (FX) community, says the company.
UBS Warburg will roll out RDL in the bank’s principal FX centres in 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 - Radianz' IP-based extranet RadianzNet, and the bank’s own wide area network.
Peter Healey, managing director, interest rates & foreign exchange business management, UBS Warburg, says: "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."