trueEX pivots to cryptocurrency platform

trueEX pivots to cryptocurrency platform – FX Week

Interest rate swaps trading platform trueEX will close in less than a fortnight, reinventing itself as a cryptocurrency derivatives exchange, according to a memo seen by FX Week sister site Risk.net. The platform’s exit leaves the swaps market in the hands of incumbents: broker-run platforms continue to dominate interdealer trading of interest rate swaps, while dealer-to-client trading will take place on Bloomberg and Tradeweb.