RTX SEF Approved by CFTC to Registrate as Swap Execution Facility

The Commodity Futures Trading Commission (CFTC) an Order of Registration, announcing that it has granted the New York-based RTX Fintech & Research LLC (RTX SEF) registration as a swap execution facility (SEF).

In the Order, the regulator stated: "The CFTC issued the order under Section 5h of the Commodity Exchange Act (CEA) and CFTC Regulation 37.3(b). The CFTC determined RTX SEF demonstrated its ability to comply with the CEA provisions and CFTC regulations applicable to SEFs. The terms and conditions of the order require, among other things, that RTX SEF comply with all provisions of the CEA and the CFTC's regulations applicable to SEFs."

Since 2015, there have been 24 SEFs registered with the CFTC, including: RTX Fintech & Research LLC; TeraExchange, LLC; SpectrAxe LLC; AEGIS SEF, LLC; iSwap Euro B.V.; LedgerX LLC; NEX SEF Limited; Clear Markets North America, Inc.; FTSEF LLC; tpSEF Inc.; 360 Trading Networks, Inc.; BGC Derivatives Markets, L.P.; Refinitiv US SEF LLC; DW SEF LLC; TW SEF LLC; Tradition SEF, LLC; Chicago Mercantile Exchange, Inc.; Bloomberg SEF LLC; ICAP Global Derivatives Limited; GFI Swaps Exchange LLC; LatAm SEF, LLC; SwapEx LLC; Cboe SEF, LLC and ICE Swap Trade LLC.