The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Reuters trade confirmation links to SGX and CME Clearing

Thomson Reuters has linked its new trade confirmation service to CME Clearing and Singapore Exchange. The service will initially focus on non-deliverable forwards and FX options.

The Anglo-Canadian firm is positioning Thomson Reuters Trade Confirmation to capitalize on increased trade reporting requirements. FX traders will be able to confirm and submit all trades to clearing houses, trade repositories and regulators in real time.

“We are pleased to be working with Thomson Reuters to expand our clearing service to Asian FX forwards,” said Muthukrishnan Ramaswami, Singapore Exchange’s president. “Banks are continuing to see benefits in using SGX’s central counterparty clearing services to reduce counterparty risk and facilitate their business growth.”

SGX’s AsiaClear launched clearing for Singapore dollar denominated rate swaps in November. Clearing for dollar, euro and sterling FX forwards is the bourse’s next big target.

Roger Rutherford, CME’s managing director for FX products, said: “CME Group continues to enhance our clearing solution for the OTC FX market, both interbank and client, and will continue working closely with participants from all areas of the FX industry.

“We’ve recently launched our OTC clearing service for FX and will be continuing to launch new products throughout the year. Having Thomson Reuters Trade Confirmation connect to CME Clearing gives our customers access to an established post-trade community in the FX markets.”

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree