Lack of Average Pricing Holding Back CLOBs, Says Buy Side To move from block request-for-quote swap trading to exchange-type execution, managers need the ability to average-price their trades. But with no one taking responsibility for developing the technology, they are frustrated Asset managers are a tricky client for any dealer. They execute huge block derivatives trades at billions of dollars of notional at a time, but require a special... Risk Magazine - November 4, 2015

Buy Side Held Back by Confusion on Cross-trading Swaps Asset managers could realise significant cost savings by internalising some of their swaps flow, but CFTC rules prevent them from doing so. Homeowners fed up with high-priced contractors that do low-quality work often take a do-it-yourself approach to home improvement. Asset managers, it seems, are no different. As dealers retreat from trading over-the-counter products, and charge more for the... Risk Magazine - October 8, 2015

The 2015 Tech 50: Racers to the Edge The global financial technology elite sets itself apart by understanding the strategic and societal implications of high-tech advances and pushing innovation at Silicon Valley–like speed. Grounded as it is in information and money — and information about money — financial services is, was and always will be a technology business. “Good information received in a timely fashion” defined sound... Institutional Investor - July 27, 2015

TrueEx Builds Bridges in the New World of Swaps It’s late on a Wednesday afternoon in early summer, and Sunil Hirani has liquidity on his mind. “We’ve been doing record volumes in the past few months,” he says of trueEX, the swap execution facility (SEF) he co-founded in 2011. “Would you like a margarita?” There’s a party in the reception area of truEx’s headquarters in New York’s Flatiron District, and the bartender has started preparing... Institutional Investor - July 21, 2015

Startup Challenges Dominance of Big Banks in Derivatives Markets A new trading exchange for derivatives is loosening the stranglehold that the world's biggest investment banks have on the multi-trillion dollar market in a crucial test of financial reforms that attempt to reduce systemic risks. The year-old trading venue, trueEX Group LLC, surprised many on Wall Street when it had nearly 20 percent of the trades in exchange-traded interest rate swaps in the... Reuters - March 10, 2015

New Swaps Workflows: Moving Beyond Connectivity to Innovation and Best Practices – Sunil Hirani, trueEx Most swap market participants are still working to establish connectivity and basic trading and processing workflows in the new SEF landscape, according to Sunil Hirani, CEO, trueEX. But along with the increased access, transparency and competition enabled by electronification, the swaps market is beginning to innovate at an accelerating pace, he says. Speaking with TABB Group’s Paul Rowady,... TABB Forum - March 4, 2015

Start-Up SEF Taking the Fight to Incumbents With rising volumes, trueEX is an encouraging example that start-ups are beginning to stir up competition among incumbent swap execution facilities. Recently trueEX, one of the start-ups operating U.S. swap trading platforms for interest-rate swaps, has gained market share in the dealer-to-client space, where Bloomberg and Tradeweb are the major players. Derivatives reforms have attracted a... TABB Forum - February 26, 2015

trueEX Appoints CIO, Reports Record Trading Volumes NEW YORK, NY, February 18, 2015 – trueEX, the first designated contract marketplace for interest rate swaps, announced today the appointment of Saro Jahani as Chief Information Officer. The appointment comes at a time of rapid growth for the company, which reported record activity on its platform in January 2015. In his new role, Jahani will manage the entire spectrum of IT efforts at... trueEX - February 19, 2015