Swap Execution Facility (SEF)
On January 26, 2016 the CFTC granted tpSEF permanent registration as a 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. A central limit order book is available for all
products listed for trading by tpSEF. Please see
tpSEF’s Rulebook for additional details on those products
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:
info@tpsef.com or +1 201 557 5599.
tpSEF is pleased to announce the launch of a fully electronic execution platform for 1 month NDFs effective January 1, 2023. Access to the platform is available to all Participants of tpSEF. Any Participant that establishes direct connectivity to the platform by June 30, 2023, will be granted ‘early adopter’ status, entitling them to a discount on the applicable SEF transaction fees. The details and terms of such discounts will be provided in the fee schedule, which is available to participants upon request.
Hours of Operation
tpSEF will operate on days which are business days in Singapore, London and New
York. For purposes of determining if a day is a New York business day, the New York
Stock Exchange must be open and such day may not be a SIFMA-recommended full day
holiday. Days subject to early close in any jurisdiction will constitute business
days regardless.
Days are calculated by reference to Eastern Prevailing Time in the United States.
On any day on which tpSEF is operating, it will be closed from 5:30 p.m. and 6:30
p.m. Eastern Time, but will be open the remaining twenty-three hours.
tpSEF reserves the right to close on different days or times if requested or required
to do so by the CFTC or NFA, or where there is a force majeure event, such
as hurricanes, flooding, terrorist attack or otherwise, affecting the above-mentioned
location generally, any relevant market infrastructure (such as DCOs, payment and
clearing systems or SDRs) or tpSEFs' facilities in particular.
tpSEF Inc. Terms of Use
Effective September 29, 2017, tpSEF is amending the tpSEF Inc. Terms of Use (“Terms”). This new version of the Terms is binding on all tpSEF Participants that have previously executed the Terms, and no action is needed. A comparison of the new version of the Terms to the existing version is available here.
Please direct all questions regarding this notice to compliance@tpsef.com.
