This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TeraExchange Connects To CME Clearing To Provide Margin Relief To Customers Trading Interest Rate Swaps, Eurodollar And Treasury Futures

SUMMIT, N.J., June 25, 2013 /PRNewswire/ -- TeraExchange , an electronic swap execution platform (SEF), today announced that its operations are fully connected to CME Clearing and are ready for trading of cleared interest rate and credit swaps. The relationship marks a critical step toward TeraExchange's goal of creating the most technologically advanced independent swaps trading venue, offering customers the utmost in access and transparency through an anonymous, all-to-all central-limit order book.

"Swaps traders are looking for deep liquidity, a seamless onboarding process and fast, reliable execution—all at an effective price point for participants," said Christian Martin, CEO of TeraExchange. "As we work to complete the process of becoming a SEF, TeraExchange is in a prime position to provide swaps traders with the solution they absolutely need."

In recent weeks, the Commodity Futures Trading Commission (CFTC) published final rules regarding swap execution facilities, swaps made available for trading (MAT) and block-sized transactions. Finalization of these rules starts the clock on the mandatory trading of the majority of derivatives on licensed venues like SEFs or designated contract markets (DCMs). By September 2013, proactive market participants will be connected to trading platforms and familiar with new market structures so that they are ready in the event that the most liquid swaps become mandatory to trade on SEFs or DCMs.

To meet the coming demand for fully compliant, highly liquid venues to trade cleared swaps, TeraExchange has built the most robust interest rate swap (IRS) and credit derivatives offering in the industry, with a pre-loaded list of more than 1,200 instruments. TeraExchange provides a frictionless onboarding process, flexible connectivity options and a complementary front-end trading solution to active market participants as an efficient, low-cost way to get up and running with SEF-based cleared trading.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs