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Reuters To Unveil OTC Platforms By 2012

Thomson Reuters are aiming to launch trading platforms for over-the-counter foreign exchange derivatives by mid-2012.

Thomson Reuters are aiming to launch trading platforms for over-the-counter (OTC) foreign exchange (FX) derivatives by mid-2012, Financial Times reports. As per the Dodd Frank act, swaps that are centrally cleared will trade on Swap Execution Facilities (SEFs).

The firm will ensure that all of its trading platforms get registered as regulated trading venues in all relevant jurisdictions, including SEFs, multilateral trading facility or organized trading facility. The sell and buyside users will be able to trade with partners on a global basis utilizing Thomson Reuters’ systems to automatically ensure compliance with all relevant regional and instrument-specific regulations.

Click here for the story from Financial Times.

Click here for additional coverage from The Wall Street Journal.

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