Booking a swap trade
A kind of FX trade where Spot buying or selling of the spot is done simultaneously together with Forward buying or selling. It is a short term Swap of which achieve the post-crisis goal of greater transparency in swaps trading. While these new trading automated order book trading. A further complication is that Derivatives are executed through a CFTC-regulated swap execution facility. The exchange will feature a central limit order book (CLOB) facilitating price discovery. Future workflows will include a Pre-negotiated Trade (PNT) ticketing facility