It sounds like quite a journey, but the global FX division of the Association for Financial Markets in Europe (AFME) will soon start the process of selecting a provider of trade repository services for the foreign exchange market on behalf of its members.
The move is a response to the Dodd-Frank requirements in the US and the regulatory proposals of the European Commission. While it is still unclear which products will be have to be centrally cleared or traded through a central counterparty (CCP), it is intended that all financial products be reported to a trade repository.
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