Dealing room printers have, historically, been used due to the regulatory requirement to provide an audit trail for dealing conversations and as a basis for conducting investigations. However, the direct and indirect costs associated with these printers are significant. The most visible costs include the support personnel required for the replacement of consumables and frequent interventions to resolve incidents such as paper jams. On top of this comes the handling and archiving of paper, the real estate physically used by the printers, and other maintenance costs.
But the most important costs by far are lost dealing time when printers are offline due to faults or consumable shortage (as this can lead to the actual dealing codes going offline, preventing further dealing until the problem has been resolved) and the time spent going through reams of paper for the investigation of out-trades. Indeed, the longer the search takes the longer the bank is exposed.
Printer Elimination acts as a client application of the Reuters Dealing 3000 Conversation and Audit Printers and provides for electronic logging of both the Audit Print output and Conversation Print output from the Reuters Dealing 3000 system. Dealing room printers can be removed as the central DealHub Archive database is an accepted alternative for long term archiving and meeting regulatory requirements.
