Finance:D2000-2
D2000-2 or Reuters Dealing 2000-2 was a software system designed by Reuters for foreign exchange trading that was used between 1992 and 1999.
This automated electronic trading system allowed a dealer to enter buy and/or sell prices directly into the system, thereby avoiding the need for a human broker. The system recorded the touch price which is the highest bid and lowest ask price.
History
D2000-2 was released in 1992 and provided electronic matching while direct conversion was provided by D2000-1.[1][2] The D2000-2 product superseded D2000 which was originally released in 1987 and only provided indicative foreign exchange prices.[3] Much of the functionality of the system was incorporated in Reuters' subsequent online trading platform, Reuters 3000 Xtra.
References
- ↑ "The electronic trading systems and bid-ask spreads in the foreign exchange market - ScienceDirect". https://www.sciencedirect.com/science/article/abs/pii/S1042443110000247.
- ↑ "Reuters Dealing and CLS". Reuters. March 12, 2004. https://dxtrapub.markets.reuters.com/docs/CLS_payment_instructions.doc.
- ↑ Michael Melvin and Lin Wen (December 2004). "Direct Dealing or Electronic Brokerage in Foreign Exchange Trading". Arizona State University. http://www.public.asu.edu/~mmelvin/lecture1part2MelvinWen.pdf.
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