liability company industry designated contract market dcm founded october 21 2010 delaware headquarters new york new york key people sunil hirani founder and ceo james r. miller co founder products electronic exchange for interest rate swaps irs website www.trueex.com trueex group llc known as trueex is a new york based financial technology company established on october 21 2010 by founder sunil g. hirani a co founder of creditex group inc. 1 trueex is organized as a delaware limited liability company and is a wholly owned subsidiary of trueex group . it is established as an electronic exchange platform for global interest rate swaps irs a market estimated at over 300 trillion . on september 28 2012 2 trueex became the first electronic swaps exchange to receive approval by the u.s. commodity futures trading commission cftc 3 as a dodd frank compliant designated contract market dcm . 4 trueex was created in response to the dodd frank wall street reform and consumer protection act which imposed new regulations and standards on the financial markets following the 2008 financial crisis . the company will initially trade interest rate swaps will add other liquid derivatives to its portfolio and is the first to provide back loading termination re balancing and compaction services for the interest rate swaps market . in the first year of operation trueex has on boarded 11 clearing houses 14 dealers and 63 buy side firms . trueex has executed over 2.7 trillion in ptc rfq compressions and post trade services for the buy side and dealer community . references edit ice otc credit derivatives . theice.com . retrieved 2012 10 16 . cftc designates trueex llc as a contract market . cftc.gov . retrieved 2012 10 16 . about the cftc cftc . cftc.gov . 2009 05 26 . retrieved 2012 10 16 . 77 fr 36611 . cftc.gov . retrieved 2012 10 16 . retrieved from https en.wikipedia.org w index.php title trueex group & oldid 686030405 categories financial services companies based in new york city navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 16 october 2015 at 14 59 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view