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e-FOREX : INTERVIEW<br />
revenue that was previously being lost in the simple<br />
cross border nature of their business.<br />
In the Hedge fund and CTA space it is our<br />
SmartPrime product that leverages our existing<br />
market connectivity to give funds access to the ECN<br />
Direct Market for Foreign exchange while leveraging a<br />
top rated FX PrimeBrokerage and risk taking team,<br />
<strong>com</strong>bined with automated services for rolls and<br />
position management for a new level of<br />
differentiation.<br />
To what extent can users customise their<br />
RBSMarketplace platform?<br />
Dashboards and montages are overused terms. But<br />
RBSM is a montage of <strong>com</strong>ponent applications that<br />
can be configured based on your access level and<br />
business need. RBSM.<strong>com</strong>, the portal side of our<br />
offering provides customisation and other<br />
personalised capabilities such as subscriptions.<br />
Over the last few years e-<strong>Forex</strong> has been reporting on<br />
the continuing growth of Algorithmic FX trading and<br />
many larger banks are moving into this space to give<br />
clients access to this powerful method of trade<br />
execution. Is RBS looking to join them?<br />
90 | january 2010 e-FOREX<br />
The visible growth in algo trading is <strong>com</strong>ing from the<br />
high frequency shops that are contributing record<br />
amounts of turnover in the FX markets. RBS has<br />
supported many of these players with a highly scalable<br />
PB offering and more recently algo (instructional<br />
execution) via its SmartPrime offering. SmartPrime<br />
leverages our own experiences in optimising execution<br />
techniques and allow clients to tailor their execution<br />
to their own needs, choosing strategies that help<br />
minimise slippage, transfer risk or keep their<br />
anonymity. We will continue to grow these<br />
products with our own risk taking capabilities to help<br />
customers lower costs and build electronic<br />
partnerships with RBS.<br />
Given the increasing interest in Algorithmic trading,<br />
many <strong>com</strong>mentators expect to see rising customer<br />
demand for Research and Analytical (R&A)<br />
applications across all asset classes. What steps has<br />
RBS been taking to cater for this and offer new client<br />
interfaces for both pre-and post trade R&A?<br />
RBS has a deep team of quantitative experts that have<br />
used the framework of RBSM to build research tools,<br />
bespoke query analytics and more recently its own<br />
models to help define optimistic execution strategies<br />
and entry points. Combined with regional quant<br />
specialists to answer specific question or help conduct<br />
TCA, we feel we have a winning formula for the<br />
future of a data driven world.<br />
Are post-trade services, middle and back office<br />
processing and clearing systems all<br />
integrated into RBSMarketplace and how<br />
can the platform help users improve their<br />
straight-through-processing?<br />
I think people realize that Post<br />
trade services are important for<br />
efficiency purposes and<br />
controlling costs, but<br />
of Lehman it is<br />
important to<br />
realise it is an
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