reuters electronic trading johann leikert sales manager sales specialists sales & trading cee...
TRANSCRIPT
![Page 1: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/1.jpg)
Reuters Electronic Trading
Johann LeikertSales Manager Sales Specialists Sales & Trading CEE
Rovinj, May 2010
![Page 2: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/2.jpg)
RET – Automated Dealing
![Page 3: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/3.jpg)
RET - Automated Dealing (RET-AD) enables banks to offer theircorporate customers and branches the ability to tradedirectly with them.
RET-AD
![Page 4: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/4.jpg)
Trading Styles
One click Trading
![Page 5: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/5.jpg)
Trading Styles
RFQ
![Page 6: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/6.jpg)
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
![Page 7: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/7.jpg)
Forward/Swaps
![Page 8: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/8.jpg)
Money Market
![Page 9: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/9.jpg)
Templet Based Trading – FX Option
![Page 10: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/10.jpg)
User Interfaces
• Client Applet
• Proxy Applet (client advisor trades on behalf of his client)
• Trader Applet
• Administration Applet
![Page 11: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/11.jpg)
Rate Monitor
![Page 12: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/12.jpg)
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
![Page 13: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/13.jpg)
Trader Applet
Manual intervention
![Page 14: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/14.jpg)
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.
![Page 15: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/15.jpg)
• 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
![Page 16: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/16.jpg)
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
![Page 17: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/17.jpg)
Market Making on Reuters Trading for FX
Taker client applet Taker deal ticket
Taker deal ticketPrice Maker applet
![Page 18: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/18.jpg)
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
![Page 19: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/19.jpg)
RET-AD Client base
![Page 20: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/20.jpg)
Aegisoft – Liquidity aggregation
![Page 21: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/21.jpg)
What´s next?
• Integration of Aegisoft Athena FX, the leading FX Aggregation Platform
![Page 22: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/22.jpg)
• 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
![Page 23: Reuters Electronic Trading Johann Leikert Sales Manager Sales Specialists Sales & Trading CEE Rovinj, May 2010](https://reader035.vdocuments.us/reader035/viewer/2022062308/56649da65503460f94a91784/html5/thumbnails/23.jpg)
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