CFTC Grants Full Registration to GAIN's GTX, FlexTrade and TeraExchange
- TeraExchange LLC, GTX SEF LLC, and FTSEF LLC are now fully registered SEFs.
Three Swap Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Facilities (SEFs) that had been previously pending with the U.S. Commodity Futures Trading Commission (CFTC) have now received full registration status, as per an order of registration issued by the CFTC today highlighting the approvals.
The newly registered SEFs include New Jersey-based GTX SEF, LLC, a GAIN Capital indirect subsidiary formed in Delaware, TeraExchange LLC, also based in New Jersey and formed as a Delaware entity, and FTSEF LLC - a FlexTrade Systems subsidiary formed and based in NY, as per the CFTC statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The need for SEF registration emerged out of the post-crisis Dodd-Frank related regulations that blanketed Wall Street, in an effort to make the pre-trade and post-trade process more transparent for the swaps market, as cited in the CFTC update.
The news follows as each of the three newly-registered SEFs had been previously pending or provisionally-registered, and now brings the total number of fully registered SEFs to 21.
LedgerX LLC was withdrawn earlier this month on May 13th, as per SEF data maintained on the CFTC’s website, and occurred just three days before EBS Global Facility Ltd submitted its paperwork for a SEF application which was received on May 16th, in addition to ICAP Global Derivatives Limited which was approved as a SEF in January of this year.
Another SEF that Finance Magnates wrote about, Seed SEF LLC, which is contemplating derivatives related to Hemp trading and other potentially nascent markets, is the only SEF still pending, while Clear Markets North America, Inc. has received temporary registration.
Three Swap Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Facilities (SEFs) that had been previously pending with the U.S. Commodity Futures Trading Commission (CFTC) have now received full registration status, as per an order of registration issued by the CFTC today highlighting the approvals.
The newly registered SEFs include New Jersey-based GTX SEF, LLC, a GAIN Capital indirect subsidiary formed in Delaware, TeraExchange LLC, also based in New Jersey and formed as a Delaware entity, and FTSEF LLC - a FlexTrade Systems subsidiary formed and based in NY, as per the CFTC statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The need for SEF registration emerged out of the post-crisis Dodd-Frank related regulations that blanketed Wall Street, in an effort to make the pre-trade and post-trade process more transparent for the swaps market, as cited in the CFTC update.
The news follows as each of the three newly-registered SEFs had been previously pending or provisionally-registered, and now brings the total number of fully registered SEFs to 21.
LedgerX LLC was withdrawn earlier this month on May 13th, as per SEF data maintained on the CFTC’s website, and occurred just three days before EBS Global Facility Ltd submitted its paperwork for a SEF application which was received on May 16th, in addition to ICAP Global Derivatives Limited which was approved as a SEF in January of this year.
Another SEF that Finance Magnates wrote about, Seed SEF LLC, which is contemplating derivatives related to Hemp trading and other potentially nascent markets, is the only SEF still pending, while Clear Markets North America, Inc. has received temporary registration.