Michael Spencer said: ‘We’re delighted to welcome Laurent to ICAP. I am thrilled he is joining us at this key stage in the evolution of our SEF’. John Nixon, Group Executive Director, Americas and Chairman and President of the ICAP SEF, said: ‘Laurent brings a wealth of relevant experience developing exchange-based businesses and in asset classes that are important to ICAP. I look forward to working with Michael and the management team to serve ICAP’s customers as our markets evolve’. As a market leader in both electronic and voice broking ICAP is well positioned to benefit from these changes. As the market adapts to new regulatory requirements, SEFs will become a significant component of the wholesale financial market infrastructure. Paulhac said: ‘This is an extremely exciting time to be joining ICAP. Prior to CME, he served as CEO of CMA, a provider of credit derivatives market data. A comparison of the new version of the Terms to the existing version is available here.Paulhac joins from the CME Group where he was Senior Managing Director for Interest Rate and OTC Products and Services and was responsible for CME Group’s global interest rate and OTC business strategies. This new version of the Terms is binding on all tpSEF Participants that have previously executed the Terms, and no action is needed. Terms of UseĮffective September 29, 2017, tpSEF is amending the tpSEF Inc. Location generally, any relevant market infrastructure (such as DCOs, payment andĬlearing systems or SDRs) or tpSEFs' facilities in particular.
To do so by the CFTC or NFA, or where there is a force majeure event, suchĪs hurricanes, flooding, terrorist attack or otherwise, affecting the above-mentioned TpSEF reserves the right to close on different days or times if requested or required Eastern Time, but will be open the remaining twenty-three hours. On any day on which tpSEF is operating, it will be closed from 5:30 p.m. Days subject to early close in any jurisdiction will constitute businessĭays are calculated by reference to Eastern Prevailing Time in the United States.
Icap sef full#
Stock Exchange must be open and such day may not be a SIFMA-recommended full day For purposes of determining if a day is a New York business day, the New York TpSEF will operate on days which are business days in Singapore, London and New Upon request from the Tullett Prebon SEF Onboarding Team by or +1 2. In order to be considered for participation on tpSEF Inc., we would ask that interestedĬustomers complete both an IT and Legal/Compliance onboarding pack which are available TpSEF’s Rulebook for additional details on those products A central limit order book is available for all NDF, tpMATCH FXO and tpTRADEBLADE FXO for FX tpEQUITYTRADE for equity derivativesĪnd tpENERGYTRADE for commodities. Will utilise Tullett Prebon’s established electronic broking platforms: tpSWAPDEALĪnd tpMATCH for rates tpCREDITDEAL for credit indices tpFORWARD DEAL, tpMATCH In the five asset classes which are covered under Dodd-Frank legislation. Tullett Prebon's SEF is a multi-asset SEF and offers SEF compliant execution services It has been established to ensure the Company's compliance with Dodd-Frank is headquartered in New Jersey and is a wholly owned subsidiary of Tullett
Icap sef registration#
On Januthe CFTC granted tpSEF permanent registration as a SEF.