March 21, 2019

Refinitiv launches cloud-based tool for FX post-trade management and compliance

Deal Tracker as a Service (DTaaS) seeks to eliminate local software deployment and data storage costs, and facilitate MiFID II compliance needs. 

New York/London - Refinitiv has introduced Deal Tracker as a Service (DTaaS), a cloud archiving and compliance solution for FX post-trade flow sourced from Refinitiv FXT.  DTaaS is an extension of Refinitiv Deal Tracker, a suite of tools for monitoring and processing FX trades on all major foreign exchange platforms globally, both front and back office. 

As a Cloud-based service fully managed by Refinitiv, DTaaS can help eliminate the need for local software deployment, reducing total cost of ownership – a key benefit as financial companies look for ways to reduce spending, particularly on technology.  Optimizing trading flows and data retention is vital to global financial institutions, particularly in the post MiFID II implementation.  Further regulatory standards are driving the need for data to be centrally stored for easy access.

DTaaS allows users to monitor trade activity in real-time, track net positions, and archive data for easy searching as well as compliance needs.  The solution offers a number of operational and visual features to allow for a more effective and streamlined workflow.  This includes the ability to flag early detection in trade processing breaks, and better review, validate, and highlight expectations.  

“FX traders need cost saving and compliant solutions at all points in the trading process, especially in the post-trade workflow where data archiving is both necessary yet expensive,” said Neill Penney, co-head of Trading, Refinitiv.  “Deal Tracker as a Service is another milestone in Refinitiv’s strategy of utilizing the Cloud to bring cost-saving and a more seamless workflow solution to our clients.”   

FX Trading (FXT) comprises all of Refinitiv FX trading capabilities, offering financial markets a platform designed to provide optimal transparency, maintain equal access to liquidity, and improve efficiency and effectiveness of execution.  Together with applications on its flagship desktop product Eikon, Refinitiv aims to offer a fully integrated, open, and compliant end-to-end FX trading solution.

Refinitiv daily FX trading volumes averaged $426bn in 2018.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.


Brian Bertsch