Reuters Electronic Trading
Johann Leikert
Sales Manager Sales Specialists Sales & Trading CEE
Rovinj, May 2010
RET – Automated Dealing
RET-AD
RET - Automated Dealing (RET-AD) enables banks to offer their
corporate customers and branches the ability to trade
directly with them.
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.
Additional Features
•
Liquidity in/outsourcing
• Back to Back Trades
•
Order Management
• Order Access
• Automated Orders
•
Connection to Multi-bank portals
• FX ALL
• Currenext
• 360T
• RTFX
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
Price Maker applet
Taker deal ticket
Taker deal ticket
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
Aegisoft AthenaFX Aggregation function
•
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
21
Integration of Aegisoft Athena FX to RET
RET
Clients
RTFX
Volume/Client
Market
Update
s
Hedge
Aggregated Top of Book
Completed Deals
Tradeweb
Adjusted Rates
Reuters
Electronic
Trading
(Manual)
FXALL
RFSQ/RFQ or
1-click Request
360T
BB
•Athena aggregates the market and sends best bid/offer to RET
•RET applies volume and customer margins and streams to channels
CNX
•RET receives 1-click trade requests and RFQ/RFSQ from clients
•RET manages the transaction to completion
•RET passes completed trade details to Athena
FX
Connect
•Athena updates position to allow manual hedging
Customer Channels
LIVE DEMO
Johann Leikert
Sales Manager MSS S&T CEE
Phone: +43 1 53112 283
johann.leikert@thomsonreuters.com