Seed Commodities Exchange (Seed CX), a startup trading platform focused on emerging agricultural markets, has been granted full registration status as a Swap Execution Facility (SEF) from the US Commodity Futures Trading Commission (CFTC).
On its website, Seed CX says that it aims "to use derivative tools to cultivate financial security in emerging agricultural markets, with idiosyncratic production risks. Seed's focus is on providing innovative means to secure operational stability for hedgers and new trading opportunities for speculators. Seed CX operates in areas where there have been recent regulatory shifts, which present the potential to innovate in new or obscure markets."
This January Seed CX raised just under $3.5 million in its first round of funding. The firm was founded by Brian Liston and Edward Woodford, both Massachusetts Institute of Technology graduates.
Seed CX brings the total number of fully registered SEFs in the CFTC to 23.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
- Bloomberg’s Chat Gambit: The Feint Before a Knockout?
- Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
- Gardening, Uber & Culture: Takeaways from this year's WatersTechnology Innovation Summit
- Systematic Internalizer Ranks Swell Ahead of Mifid II
- EU Gets Tough on ‘Research’ Unbundling