RHA (Minisystems) Ltd was a member of the team at Richards Computer Products which developed the dealing room part of the Reuters Dealing 2000-1 system. The picture shows a foreign currency dealer's screen. The component written by Roger Abbott of RHA (Minisystems) Ltd extracts the details of the deal from the free conversation text. The picture comes from the Reuters Web Site, to see the original page Click Here.
The upper area with the black background shows the conversation the dealer held with his counterparty. The lower area with a white background is the Ticket, which records the details of the deal done. In the old days the deals were done by telephone and the ticket was a piece of paper written out by hand. It was given by the dealer to the "Back Office", which is responsible for organising the payments. With D2000-1 the ticket is generated automatically from the conversation text and is transmitted electronically to the back office. The dealers converse in shorthand. The table below shows what the conversation in the top panel means.
In this example the conversation is generated automatically. Dealers typing by hand would not write so much, especially when the market is moving fast. The conversation would probably go more like this
# BAHT 10 USUAL DETS is short for USUAL DETAILS, meaning the payment instructions. D2000-1 can extract the full details from this conversation too, and many other variations. It also handles other types of deal such as deposits, swaps and FRA deals. Roger Abbott was responsible for the conversation analysis code. Back to the RHA (Minisystems) Ltd home page
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