Thomson Reuters Files SEF Application

manhattan-14
SEFs are the first large-scale examples of the new derivatives execution landscape in a developed market.

Thomson Reuters has filed an application with the US Commodity Futures Trading Commission (CFTC) to register as a swap execution facility (SEF).

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.

  • LinkedIn  
  • Save this article
  • Print this page  

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 [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: