30th Sep 2013 07:00
ICAP SEF receives application approval from CFTC
New York, September 30, 2013 - ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that its subsidiary ICAP SEF (US) LLC has received from the Commodity Futures Trading Commission (CFTC) temporary registration approval to be a Swap Execution Facility (SEF).
ICAP has created a Swap Execution Facility section on its website which provides more information about the ICAP SEF including FAQs about the SEF and contact information for the ICAP SEF team. For more information, please visit http://www.icap.com/sef.
Ends
Contacts
Brigitte Trafford | ICAP Corporate Affairs | +44 (0) 20 7050 7103 |
Alex Dee | ICAP Investor Relations | +44 (0) 20 7050 7123 |
Serra Balls | ICAP Communications UK | +44 (0) 20 7050 7124 |
Guy Taylor | ICAP Communications US | +1 212 341 9759 |
About the ICAP SEF
ICAP SEF (US) LLC, a subsidiary of ICAP plc, will operate markets for interest rate swaps (IRS), credit default swaps (CDS), equity derivatives, commodities and NDFs (non-deliverable forwards). The ICAP SEF will offer a venue for trading in cleared and uncleared swaps and intends to operate central limit order books (CLOB) and request for quote (RFQ) systems, as well as offering block trade capabilities, electronic crossing and execution via brokers. The ICAP SEF is headquartered in Jersey City, New Jersey. For more information, please go to http://www.icap.com/sef.
About ICAP
The ICAP Group is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, please go to www.icap.com.
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