NEX Group receives CFTC registration for NEX SEF
NEX SEF will allow customers to trade Non-Deliverable Forwards (NDFs) on the EBS Market platform…
NEX Group, a financial technology company, has received approval from the Commodity Futures Trading Commission (CFTC) for a new Swap Execution Facility, NEX SEF Limited.
NEX SEF will allow customers to trade Non-Deliverable Forwards (NDFs) on the EBS Market platform. The new SEF is expected to have onboarded customers and be live for trading in the second quarter of financial year 2017/2018. NEX Group’s SEF will serve as a platform that can be used to launch additional products in the future.
Seth Johnson, CEO of NEX Markets, said: “NEX is committed to providing our customers with a full range of market-leading execution facilities to ensure that they can trade in whatever environment is most appropriate to them based on their regulatory requirements or specific customer needs. NEX SEF offers regulatory compliant and technically efficient trading of NDFs.”