CFTC Approves Interdealer Brokers Tullet Prebon and Tradition as SEFs
Thursday,26/09/2013|06:50GMTby
Adil Siddiqui
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 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 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 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 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.
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CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
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- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
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Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
