trueEX Expands EM Currency Offering with Execution of Brazilian Real Swaps

[kreslik.news]

The swap execution facility and swaps trading platform, trueEX, has developed a new solution to provide execution for Brazilian real (BRL) interest rate swaps cleared at CME Group. Following the launch, BRL swaps will be cleared and retrieved directly at CME Group without any middleware, according to a trueEX statement.

In addition, BRL swaps traders will be able to directly query their existing positions at CME via trueEX, just as they can with the 18 other currencies that are supported on trueEX.

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