GTX Sef receives CFTC approval
Registration go-ahead replaces temporary nod from US regulators
Institutional foreign exchange trading platform GTX has gained approval from the US Commodity Futures Trading Commission (CFTC) to register its swap execution facility (Sef) for Dodd-Frank compliant trading of non-deliverable forwards (NDFs) and swaps.
The go-ahead replaces the temporary registration status granted in April 2014, which enabled the venue to offer clients the ability to trade NDF contracts under US regulatory requirements.
"We launched the Sef two years ago to support asset
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