THOMSON REUTERS PRESENTATION TEMPLATE

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Transcript THOMSON REUTERS PRESENTATION TEMPLATE

FX Aggregation

Johann (Hansi) Leikert

Manager Trading Solutions Europe East Phone: Email: +43 1 53112 283 [email protected]

Rovinj, May 2012

AGENDA

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Challenges for Banks Trends in FX Trading Thomson Reuters Dealing Aggregator What

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s new in Reuters Matching

What are the challenges for Banks in FX?

Price Aggregation

– – – Lack of industry-wide consolidated tape Own developed solution or third party vendor First step for an winning automated trading operation •

Managing multiple trading venues

– – – – – Different locations and built-in distance latency Varying frequency of price distribution Lack of price normalization Lack of consistency across venues that present depth of book Differences in tick size and order types 3

FX Trends Market Fragmentation ECNs FX Traded Electronic FX Traded In High Frequency FX Algo Trading

FX Trading in the 80

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s

FX Trading in the last 10 years

Where is the best price for me?

FX Trading in 2012

Thomson Reuters Dealing Aggregator

Market Aggregation

Liquidity Management

Execution Management

Position Management

Algorithmic Trading

Deployed or Hosted

Integration to Sales Channels (RET) Dealing Aggregator consolidates these destinations and sends orders to them Example Destinations Reuters EBS Barcap BBG Lava DB Currenex CS Hotspot CME FXall

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What

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s new on Reuters Matching

New Matching API

New Matching GUI with depth of book this year

International Matching for Croatia

Thomson Reuters is Number One FX Liquidity Pool

– $ 137 billion per day