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Islamic currency trading

Islamic Deal Connect (IDC)

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

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

Features

What you get with Islamic Deal Connect

Workflow automation and digtalization

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 Refinitiv FX Trading (FXT) platform, including Refinitiv Dealing, and integrates across middle or back office TMS and Broker Order Management Systems (OMS). 

Islamic Deal Connect - Straight Through Processing (STP)

Islamic Deal Connect - Straight Through Processing (STP)

Real time monitoring and centralization 

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

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). 

Islamic Deal Connect – Deal Types Configuration

Islamic Deal Connect – Deal Types Configuration

Users and group management

Islamic Deal Connect automates capturing deals from Refinitiv FX Trading platform including Refinitiv 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.

Islamic Deal Connect workflow group management

Islamic Deal Connect - Workflow Group Management