CFTC Approves Interdealer Brokers Tullet Prebon and Tradition as SEFs
- Two of the world's largest and most reputable inter dealer brokers; Tradition and Tullet Prebon have been granted temporary SEF approval by the CFTC. The approvals have come in time before the October 2nd deadline.
The US authority responsible for the registration and guidance of 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 Read this Term Facility SEF, announced that two leading firms have been granted approval. The US Commodity Futures Trading Commission issued a notification that has granted temporary registration to Tradition and Tullet Prebon.
Transactions in FX Options and NDFs will be carried out on the newly formed Swap Execution Facility, a new trading entity formed post Dodd- Frank regulatory reforms of 2010. The US Commodity Futures Trading Commission is the main regulator overseeing the new venues.
Tullet Prebon, a leader in the trading of NDFs, tpMATCH NDF, is Tullett Prebon's electronic non-deliverable forwards matching platform, that enables traders to reduce date mismatch risk. It sits alongside our FRA matching platform, tpMATCH, which was successfully launched in 2009 to allow rates traders to reduce LIBOR risk across major currencies.
Tradition is a strong player in the world of FX Options. After the firm's collaboration with ICAP's FX Options desk in 2000, it has developed itself to be one of the leading venues. The firm offers FX Options trading via Volbroker.
For firms looking to start a trading relationship with Tullet Prebon's new SEF, they are obliged to complete the necessary requirements on its SEF dedicated web page, Tullet Prebon outlines the procedure, "We would ask that interested customers complete both the IT and Legal/Compliance onboarding packs which are available upon request."
The CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term issued a October 2nd deadline for firms to receive temporary registration. Under the current terms, firms that are approved need to ensure that they adhere to all guidelines set by the CFTC. As of yet no firm's application has been rejected.
The US authority responsible for the registration and guidance of 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 Read this Term Facility SEF, announced that two leading firms have been granted approval. The US Commodity Futures Trading Commission issued a notification that has granted temporary registration to Tradition and Tullet Prebon.
Transactions in FX Options and NDFs will be carried out on the newly formed Swap Execution Facility, a new trading entity formed post Dodd- Frank regulatory reforms of 2010. The US Commodity Futures Trading Commission is the main regulator overseeing the new venues.
Tullet Prebon, a leader in the trading of NDFs, tpMATCH NDF, is Tullett Prebon's electronic non-deliverable forwards matching platform, that enables traders to reduce date mismatch risk. It sits alongside our FRA matching platform, tpMATCH, which was successfully launched in 2009 to allow rates traders to reduce LIBOR risk across major currencies.
Tradition is a strong player in the world of FX Options. After the firm's collaboration with ICAP's FX Options desk in 2000, it has developed itself to be one of the leading venues. The firm offers FX Options trading via Volbroker.
For firms looking to start a trading relationship with Tullet Prebon's new SEF, they are obliged to complete the necessary requirements on its SEF dedicated web page, Tullet Prebon outlines the procedure, "We would ask that interested customers complete both the IT and Legal/Compliance onboarding packs which are available upon request."
The CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term issued a October 2nd deadline for firms to receive temporary registration. Under the current terms, firms that are approved need to ensure that they adhere to all guidelines set by the CFTC. As of yet no firm's application has been rejected.