Thomson Reuters Dealing Aggregator
The powerful functionality of Thomson Reuters Dealing allows you to contact and trade with your peers and counterparties quickly, efficiently, and confidently, across a highly secure and reliable network. As the FX market becomes faster, more automated and increasingly fragmented, the pressure to build trading strategies that successfully captures execution opportunities continues to grow.
What does Thomson Reuters Dealing Aggregator do?
Thomson Reuters Dealing Aggregator is more than an aggregator: it adds intelligence, functionality and control.
Run your own execution strategies alongside Thomson Reuters Dealing Aggregator's built-in FX order strategies and other advanced algorithms, incorporating the liquidity at your firm and across the whole market. Free up screen real estate and execute across all aggregated liquidity in one place.
Who uses Thomson Reuters Dealing Aggregator?
Thomson Reuters Dealing Aggregator is used by high frequency proprietary traders, buy-side desks seeking minimal market impact, market makers relying on automated trading technology and low latency agency brokers around the world. It is available as a GUI or with an API connection for both click trading and algorithmic trading.
Thomson Reuters Dealing and AthenaFX
Thomson Reuters Dealing Aggregator is based on the AthenaFX platform acquired by Thomson Reuters from Aegisoft. Going forward clients will benefit from this product being an integral part of Thomson Reuters Dealing services.
FX Market Aggregation
- Liquidity from major banks, brokers, and ECNs including Thomson Reuters Spot Matching
- Full depth of liquidity visible in real-time
- Functionality to aggregate and trade synthetic crosses, such as EUR/USD/JPY
- Capability to plug in a conversation rate to aggregrate and trade FX Futures in Spot terms
Algorithmic Trading
- Create contingent orders to automatically stop-loss/take-profit, or execute other combinatory rules
- Open Programming Interface for development of custom high frequency streams processing and event-driven strategies
- 20+ algorithms that you can build on top of with Smart Order Routing (SOR) standard
- Launch sophisticated algorithms to hide your interest while working the aggregated market
- Rules based 'Market Maker' for creating and managing markets
- Real-time view of orders, executions, positions and P&L with trader controls and overrides
- Integrated with third-party Complex Event Processing (CEP) software
FX Trade Execution
- Uses built-in VWAP views and algorithms to trade preset quantities
- Intelligence that utilizes the unique characteristics of each execution venue
- Sophisticated value-added features, such as 'GFS' and 'Speed Bumps', achieves higher fill rates when trading long-distance or dealing against unsynchronized or aged market data
- 30 ways to launch your algorithms and execute your trades
- Auto-splitting crosses into your major currency pairs
- Integrated all-in-one keypad support
Real-Time Position and P&L
- Trading limits set to manage your counterparty trading risk
- Functionality of auto-splitting crosses into their major currency pairs
- Real-time view of overall position and P&L for each trader or for the whole organization
- Ability to share orders and/or keep each trader in a private silo
- Easily tie other mid- and back-office systems into Thomson Reuters Dealing Aggregator
Dependability, High Performance & Low Latency
- Global multi-continent installations with automatic order routing and failover for nonstop trading 24x7
- Co-locate near or at exchanges for low latency and optimal algorithmic performance
- Sub millisecond operation results in thousands of orders per second with built-in latency monitoring
- Complete algorithmic back-testing support provided
Buy-Side Trading
- Stream FX prices directly to FIX API or other applications, including Reuters Electronic Trading (RET)
- Auto-trade inbound orders or route to the desk for manual execution within Thomson Reuters Dealing Aggregator
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