trueEX Adds Brazilian Real Swaps

Sunil Hirani, CEO of trueEX, talks about the importance of adding currencies to the SEF.

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CME Group has already cleared more than BRL 250 billion ($78.7 billion) in notional from 25 market participants since launching last year.

trueEX clients can now execute new risk, terminate, or compact positions and process positions directly at CME Group. Traders can also query their existing positions at CME Group through trueEX.

Sunil Hirani tells WatersTechnology the addition of BRL, which is the 19th currency supported by trueEX, speaks to the globalization of the swaps market.

"Our vision

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