Is FXall a SEF?
FXall is an electronic trading system for foreign exchange (FX) spot and certain FX derivatives such as FX swaps, FX forwards, and non-deliverable forwards. 1 About one thousand institutions trade through FXall. through a SEF or DCM because such instruments do not meet the definition of a swap under the Act.
What is Refinitiv FXall?
FXall is a completely flexible trading platform that gives you seamless access to rich data and smart tools. With liquidity access to straight-through processing, FXall provides the choice, agility, efficiency, and confidence you want. Trading spot, forwards, swaps, NDFs, and options is only a click away.
Is a SEF a trading venue?
An Exchange for Swaps A SEF is similar to a formal exchange but is a distributed group of approved trading systems. The handling of trades is similar to other exchanges. Also, the Dodd-Frank Act states if no SEF system is available for specific swaps, then the previous, OTC trading method, is acceptable.
Is a SEF and MTF?
Swap execution facilities (SEFs) are a type of marketplace for trading swaps in the United States. Multilateral Trading Facilities (MTFs) are a type of marketplace for trading over-the-counter derivatives and other products in the European Union.
Is rub an NDF currency?
Global turnover in non-deliverable forwards (NDFs) continues to rise in aggregate. This growth is remarkable in that three currencies with large NDF markets – the Brazilian real (BRL), the Indian rupee (INR) and the Russian rouble (RUB) – depreciated notably vis-à-vis the US dollar during the period.
What is FXall trading?
FXall (FX Alliance Inc) is a foreign exchange aggregator providing electronic trading to banks and brokers using an electronic communication network with headquarters in New York. The company provides electronic trading in the foreign exchange market to institutional clients using straight through processing.
Is Refinitiv listed?
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With $6.25 billion in revenue, over 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace.
Who can trade on an SEF?
Section 5h(a)(1) of the Act provides that any person who offers a trading system or platform in which more than one market participant has the ability to execute or trade swaps with more than one other market participant on the system or platform must apply to the Commission to register as a SEF or be designated as a …
Are all swaps required to be transacted through SEF?
Subject to certain limited exceptions, swaps that are subject to the trade execution requirement and traded on a SEF must be transacted as “Required Transactions” under Part 37 of the Commission’s regulations under Title 17 of the Code of Federal Regulations, while such swaps that are traded on a DCM must be transacted …
What are the benefits of FXall in MiFID jurisdiction?
FXall is registered as a multilateral trading facility for use in the MiFID jurisdiction Streamline your trade workflow with straight-through processing (STP) and settlement Achieve best execution with post-trade reporting and execution quality analysis
Why do we need SEF for FX trading?
Our SEF has been developed to enable you to meet trading and reporting obligations as mandated by the Dodd-Frank Act (DFA). It features: One platform for trading FX spot, forwards, swaps, NDFs, and options electronically with SEF and non-SEF execution. Ensure a smooth transition in the event NDF clearing becomes mandatory.
What do you need to know about FXall?
Streamline your pre- through post-trade process, execute trades efficiently, access hundreds of liquidity providers, and get full trade decision support and post-trade functionality, including confirmations, settlement instructions, and TCA reporting. FXall is the complete end-to-end solution for your FX trades.
How many FX pairs can you trade on FXall?
Trading spot, forwards, swaps, NDFs, and options is only a click away. While you seamlessly execute your trading strategies, you can do so transparently and in compliance with global regulations. Trade FX spot, forwards, swaps, NDFs, and options in over 500 currency pairs. Connect with over 180 banks and alternative market makers.