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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.
D2000-2 was released in 1992 and provided electronic matching while direct conversion was provided by D2000-1. The D2000-2 product superseded D2000 which was originally released in 1987 and only provided indicative foreign exchange prices. Much of the functionality of the system was incorporated in Reuters' subsequent online trading platform, Reuters 3000 Xtra.
- "Reuters Dealing and CLS". Reuters. March 12, 2004.
- Michael Melvin and Lin Wen (December 2004). "Direct Dealing or Electronic Brokerage in Foreign Exchange Trading" (PDF). Arizona State University.