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Screenshot of a breaking news alert e-mail from Q2 2017
US Government shutdown meant that SEF applications remained on hold.
The CFTC has announced that they will exempt Gain Capital’s institutional arm GTX, as well as Mexican peso interest rate swap firm LatAm, from SEF registration for one month, until November 19 (unless, of course, each SEF’s license is granted before then).
The exemptions are fruit borne of the US Government shutdown the past two weeks, when the CFTC ran on a bare-bones staff and dealt only with emergency matters. Both GTX and LatAm had submitted SEF applications near the October 2 deadline — which would have been just fine, other than the US Government shutdown beginning just then.
GTX is a subsidiary of Gain Capital (NYSE:GCAP).
For the CFTC announcement re GTX click here.
For the CFTC announcement re LatAm click here.