Islamic currency trading

Islamic Deal Connect (IDC)

Islamic Deal Connect (IDC) is a post trade solution by LSEG for Islamic deals that provides post trade workflow automation capabilities and uses straight through processing, in conjunction with Conversational Dealing.

Keeping you ahead in the market

Globally, Money Market operations across Islamic Banks and conventional banks with Islamic finance operations are now facing complex procedures. Islamic money market transactions currently include three-way counterparties agreements between liquidity providers, underlying commodity providing brokers and liquidity takers.

This complex process is usually manually operated from ideation/RFQ stages all the way to clearance through multiple individuals including Traders, middle and back office staff, brokers and operations.

Islamic Deal Connect (IDC) by LSEG comes as a post trade solution for Islamic deals which provides post trade workflow automation capabilities and uses straight through processing, in conjunction with LSEG Conversational Dealing.

IDC helps clients streamline the post trade process of Islamic deals conducted through LSEG Conversational Dealing and integrate multiple broker systems within a single flexible STP environment, minimising manual activities and operational risk.

Features

What you get with Islamic Deal Connect

Workflow automation and digitalisation

Islamic Deal Connect provides post trade workflow automation capabilities and uses straight through processing while automating system integration capability between multiple counterparties to support the end-to-end process of Islamic Money Market transactions. IDC automates ticket creation from LSEG FX Trading (FXT) platform, including Dealing, and integrates across middle or back office TMS and Broker Order Management Systems (OMS).

A screenshot showing Islamic Deal Connect - Straight Through Processing (STP)

Islamic Deal Connect - Straight Through Processing (STP)

Real time monitoring and centralisation

As a one stop shop, Islamic Deal Connect assists clients to streamline the post trade process of Islamic deals conducted through LSEG Conversational Dealing and integrate multiple broker systems within a single flexible STP environment all in one centralised system, minimising manual activities and operational risk.

A screenshot showing Islamic Deal Connect - Blotter View

Islamic Deal Connect - Blotter View

Efficiency and lower operational cost

Islamic Deal Connect is a single application which integrates multiple disparate tools which brings a relief on costs to operate and maintain multiple concurrent systems. IDC enhances end-to-end efficiency and offers simplification in the process, automated ticket capture and sharing along with Straight Through Processing (STP) for post trade workflows enables trading efficiency, decreases cost per transaction and helps lower total cost of ownership (TCO).

A screenshot showing Islamic Deal Connect – Deal Types Configuration

Islamic Deal Connect – Deal Types Configuration

Users and group management

Islamic Deal Connect automates capturing deals from FX Trading platform including LSEG Dealing. IDC populates information for easy and automated transformation from treasury to middle and back office while allowing them to verify the ticket information and send commodity order to the counterparty.

A screenshot showing Islamic Deal Connect - Workflow Group Management

Islamic Deal Connect - Workflow Group Management

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