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Digital Vega Confirms SEF Application

Digital Vega has confirmed that the company has begun the application process to become a swap execution facility (SEF).

Following a review of the recently published documentation from the US Commodity Futures Trading Commission (CFTC) on the application process, regulations and structure, the firm has commenced the process and expects to meet the required deadlines and be fully compliant.

Founder of Digital Vega, Mark Suter, says, “Now that we have had a chance to analyse the documentation and regulations in detail and have taken external advice, we feel very comfortable that we will be able to hit these aggressive deadlines, ensure that we are fully compliant and simultaneously deliver products and services that adhere to the spirit and not just the word of the new regulations.”

He adds that becoming a SEF has always been the aim for the organisation and now the CFTC has published the requirements, “the clock is ticking.”

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