1. FX Aggregation Rovinj, May 2012 Johann (Hansi) Leikert
Manager Trading Solutions Europe East
Phone:
Rovinj, May 2012

2. AGENDA Challenges for Banks Trends in FX Trading
Thomson Reuters Dealing Aggregator
What´s new in Reuters Matching

3. 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

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

5. FX Trading in the 80´s 5

6. FX Trading in the last 10 years6

7. Where is the best price for me?7

8. FX Trading in 2012 8

9. 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 9

10. What´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