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trueEX introduces execution of Brazilian Real swaps cleared at CME Group

First Published 16th August 2016

Interest rate swap trading platform, trueEX, has built a solution to provide execution for Brazilian Real (BRL) interest rate swaps cleared at CME Group.

New York - The launch follows CME Group's Q4 2015 launch of BRL interest rate swaps clearing, which has cleared more than 250 billion Real in notional from 25 market participants.

Through the collaboration, clients will be able to execute new risk, terminate or compact positions and process their positions directly at CME Group. BRL swaps traders will also be able to directly query their existing positions at CME via trueEX, as with the 18 other currencies that are supported on trueEX.