A dealing room gathers traders operating on financial markets. The terms "dealing room" and "trading floor" are also used. The Scope of the activities in market is divided into the following segments: Money market (domestic and currencies), Foreign exchange, Long-term financing, Exchange, Derivatives, Bond market.

A trading room serves two types of business :
Trading and arbitrage that is often referred to as the sell side.
Portfolio management that is often referred to as the buy side.
The banking regulation requires a principle of independence between front-office and back-office: a deal made by the trading room (The trading room is also often called the front office) must be validated by the back-office to be subsequently confirmed to the counterparty, to be settled, and accounted for. Both services must report to divisions that are independent from each at the highest possible level in the hierarchy. As long as front-office and back-offices run separately, traders most reluctant to capture their deals by themselves in the front-office system, which they naturally find more cumbersome than a spreadsheet, are tempted to discard themselves towards an assistant or a middle-office clerk. The middle office and the back office are generally not located in the trading room.

Direct Guarantee

Banking regulation tends to deprive traders from the power to revalue their positions with prices of their choosing. However, the back-office staff is not necessarily best prepared to criticize the prices proposed by traders for complex or hardly liquid instruments and that no independent source.
Dealers or traders, whose role is to offer the best possible prices to sales, by anticipating market trends. After striking a deal with a sales, the trader arranges a reverse trade either with another trader belonging to another entity of the same institution or to an outside counterparty.

By gathering these teams to a single site, banks want to ease:
• A more efficient broadcast of market information, for greater reactivity of traders.
• Idea confrontation on market trends and opportunities.
• Desk co-ordination towards customers.


Contact info :
Chief Dealer & Senior Expert of F.X and Money Market Sec.
Ehsan Farhang
+98 21 26 21 86 40
e.farhang@bank-day.ir

Dealer & Expert of F.X and Money Market Sec.
Saeideh Jandaghi
+98 21 28 93 15 20
sjandaghi@bank-day.ir

Back Office expert
Shima Avazpoor
+98 21 28 93 10 42
Avazpoor.s@bank-day.ir

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