CFTC Approves Tullett Prebon’s SEF Status
Tullett Prebon will offer SEF-compliant execution services for rates, credit indices, foreign exchange (FX), equity derivatives and commodities through its electronic broking platforms.
"Tullett Prebon has worked diligently over the last three years, preparing and investing in our trading technology and infrastructure, to ensure the company would meet the requirements of the Dodd–Frank legislation," says Shawn Bernardo, CEO of Tullett Prebon's SEF. "We are now able to provide our clients with SEF-compliant platforms and services within the new regulatory framework under Dodd–Frank, and we will continue to work with our customers and the CFTC to ensure that market participants successfully manage the transition to Tullett Prebon's SEF effectively."
Outlined in Dodd–Frank, SEFs aim to improve transparency and stability in the over-the-counter (OTC) derivatives market by migrating standardized derivatives contracts onto electronic exchanges.
Registered SEFs will be allowed to start trading on October 2.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Digital assets: A delicate balance between opportunity and risk
The SIX Digital Assets Regulatory & Tax Service is designed to unify fragmented data sources and provide clarity around digital assets.
Invite us to your cyber war games, Finra urges members
Regulators and broker-dealers would both benefit if watchdogs had a seat at the table during these exercises, says a Finra senior exec.
The US Treasury market preps for plumbing overhaul
Changes are coming to the US Treasury market with potential new clearing houses, access models, and more flow as the industry gets ready to meet the SEC’s first deadline for central clearing.
Reporting overhaul: the EU’s near-impossible balancing act
Regulators must weigh their desire to streamline derivatives reporting against the need to gather crucial trade data.
The SIX Digital Assets Regulatory & Tax Service—Simplifying regulatory compliance
SIX‘s Digital Assets Regulatory & Tax Service is designed to simplify regulations and tax directives governing digital assets, making regulatory compliance more straightforward
Ediphy challenges FCA, Sterling launches new OMS, and more
The UK bond tape is halted, LSEG and Databricks partner, Wells Fargo adopts TransFICC’s One API, and more in this week’s news roundup.
Waters Wavelength Ep. 332: DTCC’s Val Wotton
This week, Val Wotton joins the podcast to discuss the necessary steps leading up to the T+1 transitions in the UK and EU.
DORA delay leaves EU banks fighting for their audit rights
The regulation requires firms to expand scrutiny of critical vendors that haven’t yet been identified.
