Thomson Reuters to launch OTC platforms by mid-2012 (Financial Times)

By | July 11, 2011

Now its official – both major market data providers are in the SEF game.  Bloomberg showed as “most likely to succeed” in TABB’s SEF Industry Barometer in the spring.  But admittedly that study was focused on credit and rates trading whereas Thomson Reuters is in the FX game.  Regardless, both of these firms have a lot behind them and as good a chance as anyone to make a run for king of the SEFs.

“As the industry adjusts to the new rules, businesses will be looking to seamlessly integrate with dozens of new touch points including SEFs, clearing houses and swap data repositories while working to stay compliant and profitable in this increasingly automated world,” said Kevin McPartland, a principal and the director of fixed income research at TABB Group.

Read the full story at FT.com

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