Integral Launches ISEF Swap Execution Facility

The sun sets over San Francisco Bay and the Golden Gate Bridge
Integral Development has received temporary CFTC approval for SEF registration.

As a result, Integral has launched Integral SEF (ISEF), a platform for FX non-deliverable forwards (NDF) trading.

"We leveraged our expertise in over-the-counter (OTC) FX trading technology to meet new regulatory requirements so that customers can continue conducting their FX business without interruption," says Harpal Sandhu, CEO at Integral Development Corp.

Delivered through INFX SEF, a fully owned subsidiary of Integral, ISEF will provide FX market participants with a request-for-quote (RFQ) system and an integrated order book.

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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