Charles River Integrates SEF Workflows with IMS

Users can now raise orders for credit-default and interest-rate swaps directly from the IMS blotter and send them to SEFs, with the system also supporting pre-trade allocations and clearing. The firm also reported the first successful client trade using Tradeweb's SEF through IMS with its announcement.

"We'll continue to expand our trading solutions, including integration with additional SEFs, to help clients improve efficiencies, eliminate errors, and meet compliance and reporting obligations," says Tom Driscoll, global MD at Charles River.

SEFs are an integral part of derivatives reform in the US, electronic platforms that serve as execution platforms for standardized derivatives contracts. Mandatory trading of certain instruments began earlier this year, after several SEF operators submitted made-available-to-trade determinations to the US Commodity Futures Trading Commission.