Abu Dhabi-based First Gulf Bank (FGB) said that it is using a new treasury management system from DealHub, allowing the bank to monitor activity, positions and profit and loss (P&L) across all trading channels in real time.
Chris Wilmot, group head of treasury and global markets at FGB, commented that as the bank’s global financial markets trading business expands, it is critical to continue managing operations efficiently, particularly as e-trading volumes increase. “The system has been live now for several weeks and we’re benefiting from real-time insight into trade volumes, counterparty exposure and P&L,” he said. “The system is a vital foundation for the continued expansion of our e-trading business.”
The treasury management solution went live at FGB in early December and builds on existing DealHub infrastructure at FGB, which consolidates post trade feeds from all foreign exchange (FX) trading platforms into a single STP feed for downstream integration. The new solution sits ahead of the bank’s existing risk system and provides FGB traders and management with highly customised overview and workflow tools. A dashboard allows them to see positions by trader, currency, venue, or counterparty, and a consolidated blotter is easy to filter and query, pinpointing the exact information required to manage trading activity and profits in real time. Flexible workflow tools streamline or automate complex tasks, including manual trade capture, revaluations, position transfers, end of day rolls and multi-instrument risk reporting.
DealHub’s post trade solutions are used by a range of financial markets customers, including most of the world’s largest banks, to consolidate trades from multiple venues and counterparties for overview, processing and onward delivery into risk and back office systems.
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