From Surf Wiki (app.surf) — the open knowledge base
TrueEX Group
| Field | Value |
|---|---|
| name | trueEX Group LLC |
| logo_size | 300px |
| logo_alt | trueEX logo |
| type | Private |
| foundation | October 21, 2010 |
| location | New York, NY, United States |
| key_people | Sunil Hirani, Founder and CEO |
| industry | Designated Contract Market (DCM) |
| products | Electronic exchange for interest rate swaps |
| homepage | http://www.trueex.com/ |
Limited Liability Company
Delaware James R. Miller, Co-Founder
trueEX Group LLC, known as trueEX, is a New York-based financial technology company established as an electronic exchange platform for global interest rate swaps (IRS).
It was founded on October 21, 2010, by Sunil G. Hirani, a co-founder of Creditex Group Inc, and Jim Miller. trueEX is organized as a Delaware limited liability company and is a wholly owned subsidiary of trueEX Group. Its headquarters are in the Flatiron District of New York City.
On September 28, 2012, trueEX became the first electronic swaps exchange to receive approval by the U.S. Commodity Futures Trading Commission (CFTC) as a Dodd-Frank compliant Designated Contract Market (DCM). trueEX was created in response to the Dodd-Frank Wall Street Reform and Consumer Protection Act, which imposed new regulations and standards on financial markets following the 2008 financial crisis. The company intended to trade interest rate swaps and other liquid derivatives, and is the first to provide back loading, termination, re-balancing and compaction services for the interest rate swaps market.
In the first year of operation, trueEX onboarded 11 clearing houses, 14 dealers, and 63 buy-side firms. trueEX has executed over $2.7 trillion in PTC, RFQ, Compressions, and Post Trade Services for the buy-side and dealer community.
trueEX ended trading operations on July 19, 2019.
References
- Swaps Pioneer's Crypto Venture Takes Two Big Steps Forward. March 12, 2018.
- trueEX Unit to Launch Regulated Marketplace for Digital Assets. March 12, 2018.
References
- "ICE OTC: Credit Derivatives". Theice.com.
- "CFTC Designates trueEX LLC as a Contract Market". Cftc.gov.
- (2009-05-26). "About the CFTC - CFTC". Cftc.gov.
- "77 FR 36611". Cftc.gov.
- Leising, Matthew. (2019-07-09). "Rate-Swap Trading Firm TrueEx to End Trading Operations July 19".
This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.
Ask Mako anything about TrueEX Group — get instant answers, deeper analysis, and related topics.
Research with MakoFree with your Surf account
Create a free account to save articles, ask Mako questions, and organize your research.
Sign up freeThis content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.
Report