Thomson Reuters SEF Application Approved by the CFTC
(Thomson Reuters ONE) -
SEF Trading to Begin on 02 October for Thomson Reuters and FXall Customers
LONDON, 30 September, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced that
the U.S. Commodity Futures Trading Commission (CFTC) has temporarily approved
its swap execution facility (SEF) application. The application was made on 09
September, 2013. As an approved SEF, Thomson Reuters will support U.S. regulated
trading of foreign exchange (FX) non-deliverable forwards (NDFs) and options.
Trading on the Thomson Reuters SEF is scheduled to begin on 02 October, 2013.
Thomson Reuters and FXall customers that have completed the on-boarding process
will have access to Thomson Reuters SEF trading capabilities. Thomson Reuters
and FXall began the on-boarding process to the Thomson Reuters SEF with clients
and liquidity providers in July.
"The implementation of our SEF is an important milestone for Thomson Reuters
and our customers as we work with them as their strategic execution partner to
meet their workflow and execution requirements," said Phil Weisberg, global head
of FX, Thomson Reuters. "Going forward, as new regulations continue to come into
effect around the globe, Thomson Reuters and FXall clients can rest assured that
they will be able to continue executing their necessary FX trades in a manner
consistent with current workflows and in compliance with all regulatory
requirements."
The addition of the Thomson Reuters SEF will provide customers a consistent
workflow for trading regulated and unregulated FX products. Customers will be
able to trade SEF-regulated swaps, FX NDFs and options, electronically through
the same system they use for FX spot, forwards and swaps, money markets and
precious metals. Thomson Reuters SEF is connecting to other participants in the
regulated trading process including clearing organizations, swap data
repositories and clearing brokers to meet SEF reporting and clearing
obligations.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to thomsonreuters.com.
CONTACTS
Alan Duerden
PR Director, GRC & Marketplaces
Tel: +44 20 7542 0561
Mob: +44 7825282483
alan.duerden(at)thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 30.09.2013 - 09:29 Uhr
Sprache: Deutsch
News-ID 301187
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Kategorie:
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