Refinitiv Automates Access to FX Swaps Venue with API Tool

Refinitiv has launched an application programming interface (API) tool to automate access to its FX swaps trading venue for clients, as the market continues to move towards electronification. Known as Forwards Matching API, the service is based on the Spot Matching API which is already widely adopted by FX market participants. It aims to further trading efficiencies with quick access to liquidity and additional transparency on data. The Forward Matching platform is part of Refinitiv’s multilateral trading facility (MTF) for FX swaps, which supports hundreds of billions of dollars in trading each day. It is regulated by the Central Bank of Ireland for MiFID II compliant execution, monitoring and reporting capabilities.