What is Negotiation Mode?
In the Negotiation system the dealer is provided the facility to converse through exchange of messages electronically with other member’s dealers for the purpose of arriving at a negotiated deal in the forex market. The dealer contacts (calls) other members’ dealer by entering the four letter bank code in the command line. The dealer can also specify the subject after the member code. Call so placed appears in the Outgoing Call node for the Dealer who has placed the call. Counter dealer can pick up the call by double clicking on the corresponding call in his Incoming Call node. This invokes Negotiation screen at the counter dealer; using which he/she can negotiate a deal, through exchange of messages. After negotiation the deal ticket is invoked and filled. The dealers can confirm the deal. The Deal Log is available for the purpose of viewing the deals done through the day; it also gives status of the deal e.g.
