Thomson Reuters SEF Goes Live
The vendor received the temporary approval from the US Commodity Futures Trading Commission (CFTC) on Sept. 30 to operate as a US-regulated SEF trading foreign exchange (FX) non-deliverable forwards (NDFs) and options in addition to FX spot, forwards and swaps, money markets and precious metals.
"We have worked very closely with our customers and regulators throughout the regulations process and our efforts to ensure a smooth transition into the regulated environment have been successful," says Phil Weisberg, global head of FX at Thomson Reuters.
According to Thomson Reuters, there are more than 10 liquidity providers and over 100 on-boarded clients.
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