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The US Commodity Futures Trading Commission (CFTC) issued an Order of Registration to LedgerX, a company backed by Google Ventures. LedgerX was granted status as a Swap Execution Facility, a designation that was created under Dodd-Frank. <\/p>\n
Yesterday, July 6, 2017, the CFTC issued an Order of Registration for LedgerX, an institutional derivatives exchange platform for cryptocurrencies. The Delaware-based LedgerX was granted status as a Swap Execution Facility (SEF), a title that was authorized through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. LedgerX is the second company to receive SEF status, following TeraExchange in 2016. <\/p>\n
According to the CFTCs release, SEFs are platforms that operate under the CFTCs regulatory oversight for the trading of swaps. LedgerX awaits registration as a derivatives clearing organization. <\/p>\n
Under section 5b of the Commodity Exchange Act, the company must possess a clearing agreement with a derivatives clearing organization. LedgerX also must submit revisions of its rulebook and other pertinent registration materials to the CFTC before it may list an intended to be cleared swap. <\/p>\n
LedgerX could not be reached for comment at the time of publication. <\/p>\n
Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. <\/p>\n
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Go here to see the original: News wallets and exchanges The US Commodity Futures Trading Commission (CFTC) issued an Order of Registration to LedgerX, a company backed by Google Ventures. LedgerX was granted status as a Swap Execution Facility, a designation that was created under Dodd-Frank. Yesterday, July 6, 2017, the CFTC issued an Order of Registration for LedgerX, an institutional derivatives exchange platform for cryptocurrencies. Continue reading
\nFutures Grow Closer For LedgerX And Cryptocurrency - ETHNews ... - ETHNews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"