D2000-2

From Wikipedia, the free encyclopedia
  (Redirected from Dealing 2000-2)
Jump to: navigation, search

D2000-2 (or Reuters Dealing 2000-2) was a software system designed by Reuters for Foreign exchange trading.

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[edit]

D2000-2 was released in 1992 and provided electronic matching while direct conversion was provided by D2000-1.[1] The D2000-2 product superseded D2000 which was originally released in 1987 and only provided indicative foreign exchange prices.[2] Much of the functionality of the system was incorporated in Reuters' subsequent online trading platform, Reuters 3000 Xtra.

References[edit]

  1. ^ "Reuters Dealing and CLS". Reuters. March 12, 2004. 
  2. ^ Michael Melvin and Lin Wen (December 2004). "Direct Dealing or Electronic Brokerage in Foreign Exchange Trading". Arizona State University.