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| SEF Trading to Begin on 2 October for Thomson Reuters and FXall Customers |
London, Sept 30, 2013 - (ACN Newswire) - 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 9 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 2 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 http://thomsonreuters.com/.
CONTACTS
Alan Duerden
PR Director, GRC & Marketplaces
Tel: +44 20 7542 0561
Mob: +44 7825282483
alan.duerden@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
Topic: Press release summary
Source: Thomson Reuters
https://www.acnnewswire.com
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