LONDON, April 5, 2016 /PRNewswire/ -- trueEX, the fastest growing interest rate swap trading platform, now supports market activity during London business hours due to rapidly growing client demands in both the US and across Europe.
This transatlantic expansion enables European clients to access the same range of currencies, products, and features as those in North America. Platform connectivity is available from 7:30am London Time, with the market opening at 8am, supported by a dedicated sales, onboarding, regulatory, and IT team.
trueEX Group LLC is a CFTC-regulated Swap Execution Facility (SEF) and Designated Contract Market (DCM) that currently supports 18 currencies. It has executed over $1.8 trillion in trading volumes and $10 trillion in post-trade services. In January, trueEX was named SEF of the Year at the 2016 Risk Awards, having also captured recognition by being named to the Institutional Investor Tech 50 and Forbes Fintech 50 rankings in 2015.
trueEX LLC operates the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps. As an exchange and registered swap execution facility (SEF), trueEX is ideally positioned to facilitate the regulatory transition underway in the derivatives markets. Its SEF provides request-for-quote (RFQ) trading protocols and a proprietary portfolio terminations and compactions (PTC) system for the efficient trade management of existing positions through direct connectivity to multiple clearing houses. The Company is based in New York and enables the trading of interest rate swaps by all market participants. It will add other liquid derivatives to its portfolio in the near future.