FXall to Outsource SEF Regulation to NFA


The National Futures Association (NFA) and FX Alliance (FXall) have agreed to a preliminary framework for NFA to perform regulatory services for FXall's swap execution facility (SEF).

The agreement outlines provisions for the exchange of information and the development of technology standards that will enable FXall and NFA to develop, test and launch automated trade practice and surveillance systems, and develop procedures and processes necessary for FXall to fulfill its SEF self-regulatory

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