Reuters Cuts Market-Maker Incentives For Dealing 2000-2 FX Matching Service
TECHNOLOGY
Reuters has sharply cut its market-maker incentives for the Dealing 2000-2 electronic foreign exchange matching service, according to company officials.
As of January 4, a bank using the D2000-2 service now receives $15 per trade done on its own price once it has completed 200 market-maker deals per month, says a Reuters spokesperson. The incentive comes in the form of a discount off the bank's fees for Dealing 2000-1, the conversational trading service on which D2000-2 operates.
This new discount
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