Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

CFTC APPROVES TULLETT PREBON’S SWAP EXECUTION FACILITY

TULLETT-PREBON-SWAP-EXECUTION-FACILITY

Tullett Prebon plc, one of the world’s leading interdealer brokers, today announces that the Commodity Futures Trading Commission (“CFTC”) has granted temporary registration of Tullett Prebon’s swap execution facility (“SEF”), tpSEF Inc. (“tpSEF”).

TULLETT-PREBON-SWAP-EXECUTION-FACILITY

TULLETT-PREBON-SWAP-EXECUTION-FACILITY

tpSEF is headquartered in New Jersey and is a wholly owned subsidiary of Tullett Prebon. It has been established to ensure the Company’s compliance with Dodd-Frank legislation, enacted on July 21, 2010.

Tullett Prebon’s SEF is a multi-asset SEF which will offer SEF compliant execution services in the five asset classes covered under Dodd-Frank legislation. The SEF will utilize Tullett Prebon’s established electronic broking platforms: tpSWAPDEAL and tpMATCH for rates; tpCREDITDEAL for credit indices; tpFORWARD DEAL, tpMATCH NDF, tpMATCH FXO and tpTRADEBLADE FXO for FX; tpEQUITYTRADE for equity derivatives; and tpENERGYTRADE for commodities.

Shawn Bernardo is Chief Executive Officer of tpSEF and Chairman of the Wholesale Markets Brokers’ Association Americas (WMBAA). The SEF Board also consists of Public Directors, David Clark, John Spencer and James Quaille, and Directors, John Abularrage and Christian Pezeu.

John Abularrage, Chief Executive Officer and President the Americas at Tullett Prebon, said:
“The approval of Tullett Prebon’s SEF enables both our customers and Tullett Prebon to meet the demands of the new legislation. Through tpSEF, our clients will have access to Tullett Prebon’s global market leading and now SEF compliant platforms, providing liquidity across the range of asset classes required by the Dodd-Frank Act.”

Shawn Bernardo, Chief Executive Officer of Tullett Prebon’s SEF, said:
“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. 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.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post