Tera Exchange Review

TeraExchange offers market participants an anonymous central limit order book (CLOB) for execution of a wide range of clearable swaps, as well as request-for-quote (RFQ), request-for-market (RFM) and indications of interest (IOI). Clearable swaps that can be traded on TeraExchange include interest rate swaps, FX cash-settled and non-deliverable forwards.

The company plays an important role by increasing the certainty of clearing, helping participants meet the regulatory goals of increasing transparency, accountability and oversight in the derivatives markets.