A treasury dealing room is the front office of a bank's or large company's treasury: the place, and the team, where dealers buy and sell foreign exchange, borrow and lend in the money markets, and trade government securities and derivatives. In a bank it manages the institution's own funding and liquidity, runs trading positions and quotes prices to customers. In a company it executes the hedging and funding transactions that treasury policy requires.
Dealers work within limits set by the board and senior management, covering position size, counterparties, products and losses. Deals are agreed on electronic platforms or by recorded telephone and entered at once into the dealing system. To prevent concealment of errors or unauthorised trades, the dealing room is kept separate from the treasury middle office, which monitors the limits, and the treasury back office, which confirms and settles the deals.