Tag: SEF application

October 24, 2013 BY Gerald Segal

ICAP taps CME Group exec Laurent Paulhac as CEO of ICAP SEF

ICAP looks to regain its leading position in forex liquidity providing. Interdealer broker ICAP has announced that Laurent Paulhac will join the company as managing director and will be in charge of its US based ICAP SEF LLC. He is joining the firm from the CME Group where he was managing the over-the-counter (OTC) products and…

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October 02, 2013 BY Gerald Segal

Australia's Yieldbroker given one month exception from SEF requirements

CFTC gives Yieldbroker until November 1 to finalize its SEF application. While US financial regulators promised that they were going to be completely rigid and strict with the planned implementation of Dodd-Frank Act requirements such as that of SEFs, the exceptions keep coming. First, we learned that the CFTC is delaying enforcement of many of…

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September 29, 2013 BY Gerald Segal

CFTC delays SEF enforcement one month to November 1

However the CFTC denies the six month full implementation delay requested by the securities industry. Despite warnings by many securities industry firms that they and their clients are not fully ready to move swaps from over-the-counter platforms to SEFs, the CFTC apparently will not delay the October 2 deadline (i.e. this Wednesday) for SEF implementation.…

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September 24, 2013 BY Gerald Segal

360 Trading Networks (360T) granted latest SEF license

Multi-bank multi-asset platform provider 360T looks to expand its institutional business in the US. The CFTC has granted its most recent SEF license to Frankfurt-based trading platform company 360 Trading Networks (known better in the industry as 360T). This is a little different than most of the other SEF application approvals made so far --…

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September 21, 2013 BY Gerald Segal

SEF applications approved for trueEX and ICE IntercontinentalExchange

What is an SEF exactly? The CFTC has granted two more (temporary) SEF licenses, this time to trueEX and ICE IntercontinentalExchange. trueEX is an interbank exchange for interest rate swaps. And ICE is, of course, the large publicly traded (NYSE:ICE) US commodities exchange, which operates regulated exchanges and clearing houses for energy, agricultural, credit, currency, emissions,…

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September 18, 2013 BY Gerald Segal

CME Group joins the SEF parade with its own application

CME Group will initially focus on commodity products, and will look to develop additional markets over time. CME Group, which runs the world's largest derivatives marketplace, announced today that it had (finally) filed an application to be registered as a Swap Execution Facility (SEF) with the CFTC. CME Group plans for its SEF to be…

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