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Overview

The Thomson Reuters Swap Execution Facility (SEF) lets you trade FX non-deliverable forwards (NDFs) and FX options electronically through multibank request-for-stream (RFS) liquidity and an anonymous Order Book.

With Thomson Reuters SEF, customers benefit from a best execution solution that provides a complete end-to-end workflow, including straight-through processing (STP) and settlement.

The Thomson Reuters SEF has specifically been developed to enable you to meet your clearing and reporting obligations as mandated by the Dodd-Frank Act (DFA), and features:

  • Multiple Legal Entity Identifiers (LEIs), Designated Clearing Organizations (DCOs) per entity
  • Entitlements for SEF-authorized accounts and users
  • End User Exemptions
  • Granular customer mapping, using multiple legal entities (DFA or not) to map DFA entities to DFA clients, non-DFA entities to non-DFA clients
  • Self-clearers and client clearing.

 

Content and features

A single platform

One platform for trading FX spot, forwards, swaps, NDFs and options electronically with SEF and non-SEF execution.

Smooth transition

Ensure a smooth transition to when NDFs are mandatory cleared and must trade on SEFs.

Deep liquidity

Access deep liquidity from over 140 banks and 1,500 clients with choice in execution via multibank RFS and anonymous order book flows.

Streamline your workflow

Streamline your workflow with a comprehensive solution including straight-through processing, settlement and post-trade messaging to the DTCC and clearing houses.

Regulated platform

Achieve best execution on a regulated platform that includes compliance, pre-trade price transparency credit limit checks and reporting.

 

Markets and industries

Foreign Exchange

The Thomson Reuters Swap Execution Facility (SEF) – an end-to-end workflow solution in one forex trading platform, with straight-through processing (STP) and settlement.