Swap Execution Facility (SEF)
On June 4, 2013, the final Swap Execution Facility (SEF) rules issued by the CFTC were published in the Federal Register. Tullett Prebon has formed a new entity (tpSEF Inc.) and on September 24, 2013 the Commodity Futures Trading Commission ("CFTC") granted the temporary registration of Tullett Prebon's swap execution facility ("SEF").
tpSEF Inc. 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 and offers SEF compliant execution services in the five asset classes which are covered under Dodd-Frank legislation. The SEF will utilise 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.
In order to be considered for participation on tpSEF Inc., we would ask that interested customers complete both an IT and Legal/Compliance onboarding pack which are available upon request from the Tullett Prebon SEF Onboarding Team by contacting: firstname.lastname@example.org or +1 201 557 5599.