Tullett Prebon Becomes First Firm To Send SEF Trade For Clearing In Japan
- The trade is a new era for SEF clearing in Japan demonstrating that seamless connectivity is now a reality.
Tullett Prebon, a UK interdealer broker, has 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
We are proud to have become the first platform to execute and process a SEF trade for clearing at the JSCC.
The JSCC obtained an exemption from the Commodity Futures Trading Commission (CFTC) from registration as a Derivatives Clearing Organisation (DCO) last year, leading Tullett Prebon to work with clients and partners to arrange this month's trade on tpSEF.
Tullett Prebon partnered with Markit, the financial information services provider, in Japan for trade processing and clearing through the JSCC.
Sanjuro Takeuchi, managing director and head of the firm's Japanese business, commented: "This trade ushers in a new era for SEF clearing in Japan, demonstrating that seamless connectivity to the JSCC is now very much a reality."
Tom Lovell, Managing Director Tullett Prebon Japan, added: "We are proud to have become the first platform to execute and process a SEF trade for clearing at the JSCC. It highlights the firm's ability to adapt to a fluid regulatory landscape and offer clients the best possible solutions globally. This trade could improve Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the Japanese market and reduce fragmentation."
Tullett Prebon, a UK interdealer broker, has 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
We are proud to have become the first platform to execute and process a SEF trade for clearing at the JSCC.
The JSCC obtained an exemption from the Commodity Futures Trading Commission (CFTC) from registration as a Derivatives Clearing Organisation (DCO) last year, leading Tullett Prebon to work with clients and partners to arrange this month's trade on tpSEF.
Tullett Prebon partnered with Markit, the financial information services provider, in Japan for trade processing and clearing through the JSCC.
Sanjuro Takeuchi, managing director and head of the firm's Japanese business, commented: "This trade ushers in a new era for SEF clearing in Japan, demonstrating that seamless connectivity to the JSCC is now very much a reality."
Tom Lovell, Managing Director Tullett Prebon Japan, added: "We are proud to have become the first platform to execute and process a SEF trade for clearing at the JSCC. It highlights the firm's ability to adapt to a fluid regulatory landscape and offer clients the best possible solutions globally. This trade could improve Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the Japanese market and reduce fragmentation."