TeraExchange Files SEF Application for OTC Derivatives
Monday,29/07/2013|18:38GMTby
Adil Siddiqui
US based TeraExchange has submitted its application with the United States regulatory authority to register itself as a Swap Execution Facility on the back of changes governing OTC derivatives instruments.
TeraExchange becomes the fifth trading venue to file its application to become a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC). The firm submitted its application to the regulator on Friday July 26th, 2013.
TeraExchange, an executing venue that offers anonymous central-limit order book for OTC derivatives instruments has submitted its application in anticipation of the new rules governing OTC products. The exchange offers traders a diverse range of instruments including; Interest Rate Swaps, CDS Indices, CDS Options and Single Name, NDFs and other cleared OTC products.
Under the new Dodd Frank rulings over the counter products are obliged to be traded on-exchange, in an attempt to remove counterparty risk and improve transparency. In addition, trading on an organised market place, the instruments will be centrally cleared and participants will adhere to record keeping procedures.
TeraExchange CEO, Christian Martin commented about the move, he said in a statement: "We are committed to being a leading SEF by delivering the most transparent and innovative marketplace available. We are providing customers across the entire marketplace a robust solution that has been tailored to meet the new regulatory requirements as well as the myriad needs of traders. We are very pleased to be included among the first to file for designation as a Swap Execution Facility with the CFTC and we welcome their oversight in this dynamically changing landscape."
Christian Martin, CEO TeraExchange
TeraExchange offers a wide range of FX instruments including: Cleared Foreign Exchange Derivatives (CME), Non-Deliverable Forwards (NDFs): USD/Chinese Renminbi, USD/Brazilian Real, USD/Chilean Peso, USD/Russian Ruble, USD/Columbian Peso, USD/Peruvian Sol, USD/Korean Won, USD/Indian Rupee, USD/Malaysian Ringgit, USD/Indonesian Rupiah, USD/Taiwan Dollar and USD/Philippines Peso. In addition to cash settled forward (CSF) foreign exchange pairs.
Other firms are expected to apply for SEF status include FXall, FXCM and Gain Capital.
TeraExchange becomes the fifth trading venue to file its application to become a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC). The firm submitted its application to the regulator on Friday July 26th, 2013.
TeraExchange, an executing venue that offers anonymous central-limit order book for OTC derivatives instruments has submitted its application in anticipation of the new rules governing OTC products. The exchange offers traders a diverse range of instruments including; Interest Rate Swaps, CDS Indices, CDS Options and Single Name, NDFs and other cleared OTC products.
Under the new Dodd Frank rulings over the counter products are obliged to be traded on-exchange, in an attempt to remove counterparty risk and improve transparency. In addition, trading on an organised market place, the instruments will be centrally cleared and participants will adhere to record keeping procedures.
TeraExchange CEO, Christian Martin commented about the move, he said in a statement: "We are committed to being a leading SEF by delivering the most transparent and innovative marketplace available. We are providing customers across the entire marketplace a robust solution that has been tailored to meet the new regulatory requirements as well as the myriad needs of traders. We are very pleased to be included among the first to file for designation as a Swap Execution Facility with the CFTC and we welcome their oversight in this dynamically changing landscape."
Christian Martin, CEO TeraExchange
TeraExchange offers a wide range of FX instruments including: Cleared Foreign Exchange Derivatives (CME), Non-Deliverable Forwards (NDFs): USD/Chinese Renminbi, USD/Brazilian Real, USD/Chilean Peso, USD/Russian Ruble, USD/Columbian Peso, USD/Peruvian Sol, USD/Korean Won, USD/Indian Rupee, USD/Malaysian Ringgit, USD/Indonesian Rupiah, USD/Taiwan Dollar and USD/Philippines Peso. In addition to cash settled forward (CSF) foreign exchange pairs.
Other firms are expected to apply for SEF status include FXall, FXCM and Gain Capital.
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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
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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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* 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."
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➡️ 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/
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Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
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