D2000-2 Explained

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

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in 1992 and provided electronic matching while direct conversion was provided by D2000-1.[1] The D2000-2 product superseded D2000 which was originally released in 1987 and only provided indicative foreign exchange prices.[2] Much of the functionality of the system was incorporated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.[3]

Notes and References

  1. Web site: Reuters Dealing and CLS . https://web.archive.org/web/20160304065643/https://dxtrapub.markets.reuters.com/docs/CLS_payment_instructions.doc . dead . March 4, 2016 . March 12, 2004 . Reuters .
  2. Web site: Direct Dealing or Electronic Brokerage in Foreign Exchange Trading . Arizona State University . December 2004 . Michael Melvin and Lin Wen.
  3. Web site: Crypto Evex Bot - Ai powered Trading app | Official Bitcoin Trader Ai Website.

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