Thomson Reuters Files SEF Application
The information provider, which acquired foreign exchange (FX) trading platform FXall last year, will offer trading in instruments eligible for central clearing, such as non-deliverable forwards (NDFs), and others.
"Thomson Reuters today confirms that it has filed its swap execution facility (SEF) application with the CFTC," says the company in a short media alert. "Subject to approval, the Thomson Reuters SEF will provide a consistent workflow for trading regulated and unregulated FX products."
SEFs are part of wider reforms in the over-the-counter (OTC) derivatives market, as part of the Dodd-Frank Act and Group-of-20 mandates, which are aiming to force standardized contracts onto electronic exchanges and a centrally cleared basis. A number of firms have filed applications with the CFTC since it finalized its rules regarding SEF operations earlier this year, with some having received temporary approval ahead of general compliance.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
When it comes to cybersec, the walls of separation are too high
Waters Wrap: Anthony examines some recent statements made by prominent cybersecurity experts and why those words might ring hollow.
Goldman’s credit reporting proposal sparks criticism
The shift to end-of-day and next-day reporting on large portfolio trades is seen as a step back for transparency.
Digital assets: A delicate balance between opportunity and risk
The SIX Digital Assets Regulatory & Tax Service is designed to unify fragmented data sources and provide clarity around digital assets.
Invite us to your cyber war games, Finra urges members
Regulators and broker-dealers would both benefit if watchdogs had a seat at the table during these exercises, says a Finra senior exec.
The US Treasury market preps for plumbing overhaul
Changes are coming to the US Treasury market with potential new clearing houses, access models, and more flow as the industry gets ready to meet the SEC’s first deadline for central clearing.
Reporting overhaul: the EU’s near-impossible balancing act
Regulators must weigh their desire to streamline derivatives reporting against the need to gather crucial trade data.
The SIX Digital Assets Regulatory & Tax Service—Simplifying regulatory compliance
SIX‘s Digital Assets Regulatory & Tax Service is designed to simplify regulations and tax directives governing digital assets, making regulatory compliance more straightforward
Ediphy challenges FCA, Sterling launches new OMS, and more
The UK bond tape is halted, LSEG and Databricks partner, Wells Fargo adopts TransFICC’s One API, and more in this week’s news roundup.
