trueEX Expands to Support London Business Hours

London, April 5, 2016 - trueEX, the fastest growing interest rate swap trading platform, now supports market activity during London business hours due to rapidly growing client demands in both the US and across Europe.

This transatlantic expansion enables European clients to access the same range of currencies, products, and features as those in North America. Platform connectivity is...

trueEX - April 5, 2016

Swap Reporting Costs Drive Industry Shift

The derivatives industry has begun to step out of the compliance phase that has dominated for the last five years post-Dodd-Frank, and into a consolidation and inefficiency-reduction phase now that the costs of regulation are playing themselves out.

Market participants lobbied heavily against the possibility of different frameworks for the reporting of derivatives transactions across...

IFR - March 16, 2016

truePTS Advances Regulatory Reporting for Derivatives

New York, March 16, 2016; truePTS has entered into an agreement with CME Group Inc. (NYSE: CME) to integrate truePTS processing efficiencies with CME Group’s preferred global network of regulated trade repositories (TRs). This agreement makes truePTS the first independent derivatives post-trade service to provide a single trade reporting application program interface (API) to meet obligations...

trueEX - March 16, 2016

trueEX Completes First Electronic Mexican Peso Swap Trades for Institutional Investors

trueEX, the fastest growing swap execution facility (SEF), has created another industry innovation with the execution of the first dealer to client Mexican peso (MXN) interest rate swaps trades on its award-winning platform. Societe Generale Corporate and Investment Bank (SGCIB), and undisclosed institutional investors completed the transactions late in December and January; the first buy-side...

trueEX - January 28, 2016

Sef of the year: trueEx

Start-up Sef enjoys a breakthrough year by offering unique post-trade tools to the buy side. "The interest rate swaps markets are near impossible to break into; they're like a fortress. Our strategy was to offer things the two incumbent trading venues, which have been in the rates market for two decades, wouldn't," says Sunil Hirani, co-founder and chief executive of trueEx, the New York-based... - January 27, 2016

CFTC Grants Registration to 18 Swap Execution Facilities

The U.S. Commodity Futures Trading Commission (CFTC) today issued Orders granting registration to 18 swap execution facilities (SEFs). The SEFs issued a Registration Order today previously were operating under temporary registration status. SEFs are trading facilities that operate under CFTC’s regulatory oversight for trading and processing swaps. SEFs were authorized to be created by the...

CFTC - January 22, 2016