Bloomberg connects to CME for NDF clearing
Bloomberg last week integrated its foreign exchange trading platform, FXGO, with CME Group to facilitate clearing of non-deliverable forwards (NDFs) through the exchange, as the vendor steps up its efforts to prepare for life as a swap execution facility (Sef).
"These trades are a clear signal to our customers, especially buy-side firms, that we are ready, willing and able to help them comply with any upcoming regulations. We're still waiting for the US Treasury to make its final ruling, which
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