reuters electronic trading johann leikert sales manager sales specialists sales & trading cee...
TRANSCRIPT
Reuters Electronic Trading
Johann LeikertSales Manager Sales Specialists Sales & Trading CEE
Rovinj, May 2010
RET – Automated Dealing
RET - Automated Dealing (RET-AD) enables banks to offer theircorporate customers and branches the ability to tradedirectly with them.
RET-AD
Trading Styles
One click Trading
Trading Styles
RFQ
Supported Instruments
• FX Spot• Roll Spot to Forward trade
• FX forward outright • NDF
• FX Swap
• Time option
• Deposit and Loan
• Auxiliary Trade• Early Take-up
• Rate Extension
• Templet Based Trading: FX Options, FRAs, CAPs&Floors
Forward/Swaps
Money Market
Templet Based Trading – FX Option
User Interfaces
• Client Applet
• Proxy Applet (client advisor trades on behalf of his client)
• Trader Applet
• Administration Applet
Rate Monitor
Trade Rate Manager
The TRM allows traders to dynamically manipulate the system
Market rate feed.
• Configure Pricing Styles
• Direct, Crossed or Derived
• Handle different Spreads
• Rate Blending
• View Current Rates
Trader Applet
Manual intervention
Filters and Modifiers
• Filters are used to route deals from clients to trader and to configure the autotrader
• Modifiers can be defined per instrument, user or user group, currency, tenor or ‘Bid’ and ‘Offer’ to apply margins automatically.
• Liquidity in/outsourcing• Back to Back Trades
• Order Management• Order Access• Automated Orders
• Connection to Multi-bank portals• FX ALL• Currenext• 360T• RTFX
Additional Features
RTFX – Overview• Execute FX Trading from Xtra or
Dealing Keystation
• Compare streaming executable prices from multiple liquidity providers
• Trade Spot, Forwards, FX Swaps and Bullion
• Broad range of currency trades including Majors and Emerging Markets
• Competitive RFQ, one click trading (Fast Trade) and Orders
• Improved trade process through STP
Market Making on Reuters Trading for FX
Taker client applet Taker deal ticket
Taker deal ticketPrice Maker applet
RET - Preferred vendor solution
FX Week awarded Thomson Reuters Best Broker for Currency Options, Best Broker for Emerging Markets and
Best Vendor for Dealing Technology accolades in November 2009.
100 Clients are using RET on the hosted enviroment
30 Clients are using RET on deployed basis
RET-AD Client base
Aegisoft – Liquidity aggregation
What´s next?
• Integration of Aegisoft Athena FX, the leading FX Aggregation Platform
• FX ECNs
– Reuters, EBS
– Currenex, HotSpot, etc.
• FX Banks
– Barclays, Citi, Deutsche Bank
– Nordea, HSBC, etc.
• Synthetic FX Crosses
• FX Futures in Spot Terms
• One Click Trading with Drag and Drop
• Aggregated and Non-aggregated Views
22
Aegisoft AthenaFX Aggregation function
Integration of Aegisoft Athena FX to RET
Customer Channels
RTFX
FXALL
360T
BB
CNX
FXConnect
Tradeweb
RETClients
ReutersElectronic
Trading
Aggregated Top of Book
Completed DealsHedge
(Manual)
Market
Updates
Volume/Client
Adjusted Rates
RFSQ/RFQ or
1-click Request
•Athena aggregates the market and sends best bid/offer to RET
•RET applies volume and customer margins and streams to channels
•RET receives 1-click trade requests and RFQ/RFSQ from clients
•RET manages the transaction to completion
•RET passes completed trade details to Athena
•Athena updates position to allow manual hedging
