Integral Files SEF Application With CFTC
Integral‘s facility will comply with the CFTC's recently issued rules on SEFs pursuant to the Dodd-Frank Act. Major trading venues such as MarketAxess, Bloomberg and Tradeweb have already registered with the CFTC.
"As a natural extension of our OTC FX platform FX Grid, we took on the challenge of helping our customers, partners, and liquidity providers navigate the new regulatory landscape," says Harpal Sandhu, CEO of Integral Development Corp. "We have created a SEF that preserves what is best about OTC markets - relationships, choice, resiliency, and bespoke business models, thereby minimizing any potential disruption to our customers' foreign exchange trading businesses."
Integral will offer all necessary connections to liquidity providers, clearing houses, and will support request for quote (RFQ) and an integrated order book once it receives regulatory approval.
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