CFTC receives SEF application from Tullett Prebon

08/27/2013 | AutomatedTrader.net

Tullett Prebon is seeking approval from the Commodity Futures Trading Commission to become a swap-execution facility. "Tullett Prebon's SEF forms an important part of the development of our existing businesses as we continue to grow our global market-leading offering in those areas regulated by the CFTC and [Securities and Exchange Commission]," said John Abularrage, CEO and president for the Americas. "Tullett Prebon will provide SEF-compliant platforms for our customers to access liquidity and meet the demands of the new legislation."

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