Massachusetts-based Interactive Data will provide a suite of services to trueEX, the first interest rate swaps exchange approved by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM).
TrueEX is being provided with low-latency hosted services through Interactive Data's 7ticks platform. These services will include monitoring and support for the trueEX matching engine and network architecture, along with connectivity to global exchanges via the 7ticks network for post-trade execution clearing solutions.
"Our clients and market makers look to us to help them meet their regulatory reporting, execution, and clearing requirements through our electronic platforms, as well as provide them with a state-of-the-art facility with all the benefits of security, reliability and redundancy that Interactive Data provides," says trueEX CEO Sunil Hirani.
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