Bats Global Markets, Inc. (Bats: BATS) today completed its acquisition of Javelin SEF, LLC (Javelin), a swap execution facility (SEF). The deal was announced on August 11, 2016 and received approval from the Commodity Futures Trading Commission (CFTC) on October 23, 2016. Javelin has been integrated with Bats Hotspot, the institutional FX trading platform, in…
Read moreTullett Prebon has announced that it become the first firm to successfully send a Swap Execution Facility (SEF) trade for clearing at the Japan Securities Clearing Corporation (JSCC). The trade was executed via tpSEF's hybrid trading platform. Last year, the JSCC obtained an exemption from the Commodity Futures Trading Commission (CFTC) from registration as a…
Read moreU.S. futures industry regulator the Commodity Futures Trading Commission (CFTC) has announced that it has issued Orders of Registration to three Swap Execution Facilities (SEFs), granting them fully registered status with the CFTC. The SEFs approved for registration are: GTX SEF, LLC (GTX) of Bedminster, N.J., TeraExchange, LLC (Tera) of Summit, N.J., and FTSEF LLC…
Read moreUllink, the global provider of electronic trading and connectivity services, now provides direct connectivity to trueEX, a leading interest rate swap execution facility (SEF). Ullink’s multiprotocol connectivity platform UL Bridge will provide its clients with real-time access and efficient onboarding to the trueEX platform. trueEX is one the fastest growing SEFs, supporting 18 currencies, made…
Read moreThomson Reuters SEF (Swap Execution Facility) which in January this year obtained permanent CFTC registration captured the bulk of dealer-to-client Forex flows in the final quarter of 2015, according to data from Clarus Financial Technology. The data shows that Thomson Reuters SEF captured 55% of the trading flow in the FX dealer-to-client market segment in Q4…
Read moreThe 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…
Read moreThe CFTC stated as a next step that it will undertake a substantive review of LedgerX’s application for full registration.
Read more“Working closely with LCH.Clearnet, our objective was to ensure we meet the highest standards of performance and integration in providing access to central clearing to our customers on the Thomson Reuters SEF" - Jodi Burns, Global Head of Regulation and Post Trade at Thomson Reuters
Read moreMGT Capital Investments, Inc. (NYSEMKT:MGT) has announced the suspension of merger talks with Tera Group, Inc., after the deadline set in the Letter of Intent, confined to the potential deal, expired on March 16, 2015. On February 27, 2015, the companies said they were planning a merger that would have to create the first publicly…
Read moreTransaction to create the first publicly traded U.S. Bitcoin derivatives exchange
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