September 23, 2013

CFTC Issues Notices of Temporary Registration as a Swap Execution Facility to 360 Trading Networks Inc.

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) has approved the application of 360 Trading Networks Inc. (360T) for temporary registration as a swap execution facility (SEF) pursuant to section 5h of the Commodity Exchange Act (CEA) and section 37.3(c) of the CFTC’s regulations. 360T is a Delaware limited liability company and is wholly-owned by 360 Treasury Systems AG, a German joint stock company.

A SEF is a category of CFTC registered entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to provide greater pre-trade and post-trade transparency to the swaps market. 360T will be required, as will all future temporarily and fully registered SEFs, to demonstrate continued compliance with all applicable provisions of the Commodity Exchange Act and CFTC regulations, including part 37, and any future regulations, amendments, guidance, and interpretations issued by the CFTC. As a next step, the CFTC will undertake a substantive review of 360T’s application for full registration.

Last Updated: September 23, 2013