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Deal Web picks up stray forex deals

RCP, a connectivity and straight-through processing software provider, has designed a product that can detect possible unconfirmed foreign exchange deals carried out through Reuters Dealing conversational system.

Deal Web gives the deals a probability rating and displays them on a blotter via a web browser for back-office staff to monitor. The backbone of RCP's products is Deal Warehouse, an underlying database which takes in all of a bank's foreign exchange trades globally.

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