The Commodity Futures Trading Commission has amended its order granting an exemption from swap execution facility (SEF) registration to include four additional multilateral trading facilities: Creditex Brokerage LLP; Currenex; FX Connect; and Thomson Reuters. The order, which was originally issued by the CFTC in December 2017 and discussed in the December 15, 2017 edition of Corporate and Financial Weekly Digest, has the effect of allowing the exempted trading facilities to execute transactions that are subject to the CFTC’s trade execution requirements, and to offer trading in swaps that are not subject to the CFTC’s trade execution requirement to US person counterparties, without registration as a SEF.
More information on the amendment is available here.