CFTC registers 18 swap execution facilities

The United States Commodity Futures Trading Commission (CFTC) today issued Orders awarding registration to 18 swap execution facilities (SEFs).

The facilities that obtained Registration Orders today previously were operating under temporary registration status, the regulator explained in its announcement.

SEFs are trading facilities that operate under CFTC’s regulatory oversight for trading and processing swaps. SEFs were authorized to be created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The list of SEFs approved for registration includes: 360 Trading Networks Inc.; BGC Derivatives Markets, L.P.; Bloomberg SEF LLC; Chicago Mercantile Exchange Inc.; DW SEF LLC; GFI Swaps Exchange LLC; ICAP Global Derivatives Limited; ICAP SEF (US) LLC; ICE Swap Trade, LLC; Javelin SEF, LLC; LatAm SEF, LLC; MarketAxess SEF Corporation; SwapEx, LLC; Thomson Reuters (SEF) LLC; tpSEF Inc.; Tradition SEF, Inc.; trueEX LLC; and TW SEF LLC.

The SEFs enlisted above will be required to demonstrate continued compliance with all applicable provisions of the Commodity Exchange Act and CFTC regulations and any future regulations, amendments, guidances, and interpretations issued by the regulator.

CFTC keeps up with registration reviews for the remaining five SEFs that currently are temporarily registered. Pending these reviews, the facilities continue to operate under temporary registration status.

You can view the full announcement on the CFTC website by clicking here.

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