12/05/2022 | Press release | Distributed by Public on 12/06/2022 10:49
December 05, 2022
Washington, D.C.- The Commodity Futures Trading Commission today announced it has issued an Order of Registration to SpectrAxe LLC (SpectrAxe) granting it registration as a swap execution facility (SEF). SpectrAxe is a Delaware limited liability company headquartered in New York, N.Y. and an affiliate of Spectra FX Solutions LLC, an introducing broker.
The CFTC issued the order under Section 5h of the Commodity Exchange Act (CEA) and CFTC Regulation 37.3(b). The CFTC determined SpectrAxe 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 SpectrAxe comply with all provisions of the CEA and the CFTC's regulations applicable to SEFs. With the addition of SpectrAxe, there will be 20 SEFs registered with the CFTC.