21 February 2018
visit www.ebaday.com

NEX Group gets CFTC approval for swap execution facility

20 April 2017  |  3292 views  |  0 Source: NEX Group

NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (“NEX SEF”), a new Swap Execution Facility (“SEF”).

NEX SEF will allow customers to trade Non-Deliverable Forwards (NDFs) on the EBS Market platform. The new SEF is expected to have on-boarded customers and be live for trading in the second quarter of financial year 2017/2018. NEX SEF will serve as a platform that can be used to launch additional products in the future.

EBS – part of NEX Markets- provides electronic trading technology and services to the foreign exchange market.
Seth Johnson, CEO of NEX Markets, said: “NEX is committed to providing our customers with a full range of market-leading execution facilities to ensure that they can trade in whatever environment is most appropriate to them based on their regulatory requirements or specific customer needs. NEX SEF offers regulatory compliant and technically efficient trading of NDFs.”  

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register for the webinarVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11946 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9715 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9461 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8223 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7477 views comments | 19 tweets | 18 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job