Swap Execution Facility

The TeraExchange SEF provides market participants with a unique opportunity to trade a range of OTC derivatives using an array of fully compliant execution models.

As well as its anonymous multi-asset central limit order book (CLOB), TeraExchange offers request for quote (RFQ), request for market (RFM) and indication of interest (IOI) trading protocols. Products include interest rate swaps, FX/NDFs, and equity derivatives. Clearing is integrated through CME Group and LCH.Clearnet. Additionally, TeraExchange is the world's first regulated bitcoin derivatives platform, listing forwards ranging from overnight to two years in tenor.

With benchmark and customized derivatives trading, TeraExchange enables participants to precisely hedge, consolidate or terminate risk positions.