CFTC extends no-action relief to sole Asian Sef
Australia-based Yieldbroker can continue to service US clients while CFTC considers its Sef application.
Yieldbroker, the Australian inter-dealer broker, has been granted a further two weeks of no-action relief until December 16 while the Commodity Futures Trading Commission (CFTC) continues to consider its application to register as a swap execution facility (Sef).
Sef trading began life on October 2 and so far about 20 Sefs have registered with the CFTC in order to execute swaps involving US persons. Yieldbroker is the only Asia-Pacific based electronic platform to apply for Sef registration to
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