The Forwards Matching is regulated by Central Bank or Ireland as part of Refinitiv’s MTF and it fully supports MiFID II execution, monitoring and reporting requirements. Clients can trade FX Swaps on the MTF and FX Spot off the MTF on the Matching platform.
Paul Clarke, Head of FX Venues, Refinitiv said:
With the move towards electronification of FX Swaps trading comes the need and the opportunities for more innovative solutions to drive efficiencies without sacrificing liquidity and effective trade execution. This is especially true in the ongoing market where the trading workflow has changed considerably. Matching Forwards API delivers on this need. With access to over 300 active client sites trading on the market leading venue for FX Swaps, Matching Forwards API will help achieve greater efficiency for FX Trading.
FX swaps have had significant growth in the FX market. In the 2019 BIS Triennial Survey FX Swaps made 49% of the overall FX volume and increased in volume by 35% between 2016 and 2019 from .377 trillion to .2 trillion. A Greenwich Associates study reported that the deliverable forwards and swaps traded electronically in 2018 and 2019 were 77% and 75%, respectively.
Read More:
