solutions & capabilities

Thomson Reuters SEF

Trade FX non-deliverable forwards and FX options electronically 
The Thomson Reuters Swap Execution Facility (SEF) allows customers to trade FX non-deliverable forwards (NDFs) and FX options electronically through multibank request-for-stream (RFS) liquidity and an anonymous Order Book. Customers benefit from a best execution solution that provides a complete end-to-end workflow solution, 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).

  • One platform for trading FX spot, forwards, swaps, NDFs and options electronically with SEF and non-SEF execution
  • Ensure a smooth transition to when NDFs are mandatory cleared and must trade on SEFs
  • Access deep liquidity from over 100 banks and 1,500 clients with choice in execution via multibank RFS and anonymous Order Book flows
  • Streamline your workflow with a comprehensive solution including straight-through processing, settlement and post trade messaging to the DTCC and clearing houses
  • Achieve best execution on a regulated platform that includes compliance, pre-trade price transparency credit limit checks and reporting
  • 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